🚨 Crypto markets have recorded their largest 8-month decline in history, shedding $𝟮.𝟯 𝘁𝗿𝗶𝗹𝗹𝗶𝗼𝗻 in total market cap. The drawdown captures the cumulative effect of the prolonged bear market since late 2025, with Bitcoin breaking below $60K and record ETF outflows compounding the selloff. 𝗛𝘂𝗽𝘇𝘆 𝘁𝗮𝗸𝗲: A $2.3T wipeout across the crypto asset class is a historic capitulation event. The scale of capital destruction suggests forced liquidations and institutional deleveraging are still in play. For traders, this level of drawdown has historically preceded major bottoms — but catching a falling knife requires confirmation of capitulation exhaustion. Watch for ETF flow stabilization and a reclaim of $60K as the first sign of a structural reversal. source: KobeissiLetter Track real-time signals & trade → https://hupzy.com/trending(Hupzy (Spot On Chain))