The #BTC capitulation metric has printed its second-largest spike in two years, highlighting a sharp escalation in forced selling.
These stress events typically coincide with accelerated de-risking and elevated volatility as market participants reset positioning.
https://glassno.de/3LSM2kJ

On Feb 04, Bitcoin’s Entity-Adjusted Realized Loss (7D-SMA) hit $889M per day, the highest daily loss realization since November 2022.

📉http://glassno.de/3Mq0ock