Checkonchain: The capitulation of "weak hands" in BTC has already begun.

As the price of #BTC fell to 86 000$ , short-term holders started to realize losses. This refers to the ratio of realized profit to realized loss among short-term holders (those who bought relatively recently). Right now, it is going deep into negative territory - meaning fresh participants are massively closing positions at a loss, unable to withstand the downturn.

Why is this important for the market? For two reasons:

- when short-term holders capitulate, downward pressure often slows down - sellers "burn out";

• simultaneously, this is a signal that the market is not yet in a phase of strength: any rebound can be sold by those who want to "at least break even".

Such spikes in realized losses often appear near a local bottom because that is where the "washing out" of overheated entries occurs. But, of course, no one can guarantee a reversal - if demand does not kick in, capitulation may enter a second wave.

The dry conclusion is that the drop to 86 000$ has already forced the short-term segment to surrender. Now the market will check if there is a real buyer below this level or if it was just the first series of "cleansing".