[Opinion: Bitcoin Treasury Companies Show "Capitulation" Signals; Previous 3 Occurrences Were Buying Opportunities] BlockBeats reports on November 11th that Charles Edwards, founder of the Capriole Fund, stated that Bitcoin treasury companies are "capitulating." The ratio of their cumulative buy volume to their sell volume has just fallen below 90%. (Note: Generally, a declining ratio indicates relatively increased selling pressure (bearish), but historically, extreme lows have corresponded to bottoming areas.) This situation has only occurred three times in history, and each time it presented a good buying opportunity. Therefore, he believes that although these companies are selling (capitulating) in the short term, historically this is actually a good sign for Bitcoin. [Original Link]