$40B Bitcoin Signal Says the $60K Panic Hit Bottom

Bitcoin’s $60K crash may have been capitulation, with realized cap, RHODL and funding all flashing bottom signals.

Key takeaways

• $40 billion in realized-cap drawdown is the quieter signal behind bitcoin’s February selloff toward $60,000 — and it may matter more than the price wick itself.
• The case that bitcoin’s correction already reached its cycle low rests on three signals now lining up: realized cap stabilizing near $1.08 trillion, **RHODL Ra...
• > “Multiple onchain and derivatives indicators suggest bitcoin probably established a cycle low during February’s sharp selloff toward $60,000.”
• That is the useful framing. The headline price move was brutal. But the deeper question is whether bitcoin’s holder base kept deteriorating after the selloff — or whet...

👉 Read the full breakdown on MLXIO

Canonical source: https://mlxio.com/crypto/bitcoin-metrics-60k-bottom