Bitcoin Sees Second-Largest Capitulation Spike in Two Years as Price Dips to $66K

thecryptobasic2026-02-05 15:58:07

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Bitcoin Sees Second-Largest Capitulation Spike in Two Years as Price Dips to $66K

Bitcoin is showing clear signs of market stress, as Glassnode data confirms one of the largest capitulation events in the past two years. The spike indicates a dramatic rise in forced selling, as traders and investors rush to de-risk amid heightened volatility.

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