Bitcoin long-term holders hit peak capitulation amid market stabilization

Analysts note that Bitcoin’s price history follows a recurring four‑phase cycle of decline, accumulation, and two growth waves. Current charts place the present cycle in its early accumulation stage, suggesting that a major price surge is still forthcoming.

On‑chain data shows long‑term Bitcoin holders suffered a peak daily realized loss of about $283 million, accounting for roughly 81 % of all realized value on the network. This level of loss marks the most severe capitulation in the cycle since 2018, but the downward trend in losses indicates weakening sell pressure and a possible transition toward market stabilization.