Record breaking stats from bitcoin’s Thursday capitulation signal a bottom is near

Extreme capitulation metrics are now matching levels seen only at major cycle lows. What to know : Nearly 10 million BTC are currently at a loss, the fourth-highest level in history. Bitcoin has entered extreme oversold territory, with RSI at its third-lowest reading, alongside a Fear and Greed Index level of less than 10 and the largest daily drawdown since the FTX collapse in 2022. Bitcoin rebounded Friday to $68,000 from Thursday's $60,000 low.