Bitcoin chain has not yet seen capitulation-style selling, and may still have further room to fall

Odaily Planet Daily News According to monitoring by Julio Moreno, Bitcoin on-chain data has not yet shown signs of capitulation-style selling, indicating that the market is in a moderate correction phase and may face further declines. Bitcoin holders have realized a loss of approximately 136,000 BTC over the past year; in previous cycles, when Bitcoin prices bottomed out, the annual realized loss typically reached between 1.3 million and 3.7 million BTC. Julio Moreno stated that this may mean that the volume of on-chain stop-loss selling in this cycle is relatively low, or there could still be significant room for further decline in the future.