Bitcoin is showing signs of a capitulation phase as capital continues leaving the network and investors lock in losses across the market, according to the latest analysis by crypto analyst Axel Adler Jr.
Data suggests that Bitcoin’s Realized Cap 30D Change dropped to -1.1%. This is the first time since mid-March that outflows have reached this level.
Capitulation Signals
Realized Cap measures the aggregate value of all Bitcoin based on the price at which coins last moved, and its 30-day change is used to track whether capital is entering or leaving the network. Adler explained that Realized Cap declined by around $12 billion from its mid-May peak of approximately $1.087 trillion to $1.075 trillion.
The pace of contraction also accelerated sharply in recent days. On June 1, the indicator was still at -0.15%, but by June 8 it had fallen to -1.1%. During the same period, BTC’s price dropped from $82,000 to $63,000, representing a 23% decline. According to the analysis, the current pac
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