Analysis: BTC shows signs of 'full capitulation' as it dips below $69K

Bitcoin is showing signs of entering a full capitulation phase as it falls below $69,000, according to an analysis by Cointelegraph. The outlet suggested that the market may have reached the final stage of forming a bottom, based on: - Panic selling by short-term holders - The Fear & Greed Index indicating extreme fear - The Relative Strength Index (RSI) being in an oversold state Notably, short-term holders have reportedly realized their losses by depositing approximately 60,000 BTC, worth $4.2 billion, onto exchanges over the past 24 hours.