#capitulate

[daily-cool-words]

Today's word of the day is...

Capitulate

[Verb]

Definition: Cease to resist an opponent or a demand; surrender.

Example Sentence: After a long argument, June decided to capitulate.

[wordisdrawn]

capitulate [kuh-pich-uh-leyt] verb; to give up resistance or surrender.

[theswordsbane]

capitulate

verb | ca·pit·u·late | \kə-ˈpi-chə-ˌlāt\

to surrender often after negotiation of terms <The enemy was forced to capitulate unconditionally.>

 to cease resisting :  acquiesce <The company capitulated to the labor union to avoid a strike.>

[malakkc-poetry]

Certificate of Appreciation for my double acrostic poem,  CAPITULATE

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[solace-philosophy]

The transitional event of Soul Suppression is the start of the egocentric stage of Capitulation. Now that the individual’s social and emotional Secession from his family of origin has run its course, whatever societal rebellion he might have engaged in and whatever wild oats he might have sown, he now surrenders to the values, goals, and styles of the egocentric society. That society constantly broadcasts and embodies the message that life is about the pursuit of eternal youth, safety, security, and material possessions. The egocentric young “adult” capitulates to these goals. He settles down.

-Nature and the Human Soul, by Bill Plotkin

[howtoinvestinnftcrypto]

Bitcoin long-term holders capitulate at levels seen during FTX collapse

Bitcoin long-term holders capitulate at levels seen during FTX collapse

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Quick Take

Bitcoin long-term holders (LTHs) are defined as investors who have held Bitcoin for longer than six months and are considered the smart money of the ecosystem. Typically they will buy Bitcoin when the price is suppressed and distribute in bull markets.

However, LTHs do capitulate and sell Bitcoin when panic and fear occur in the market, this can be seen below with these on-chain metrics.

These metrics show when LTHs sell Bitcoin to exchanges, considerable spikes happen in moments of fear and capitulation. These events include the LUNA and FTX collapse, the China ban in May 2021, and now significant capitulation due to the fallout of Silvergate and then Silicon Valley Bank.

Long-term holders have capitulated to levels similar to the FTX collapse. Roughly 10,000 Bitcoin were sent to exchanges, all sold at a loss.

Capitulations, especially with long-term holders, can mark bottoms in Bitcoin cycles. However, the fallout and contagion from the banking and financials sector are still unknown, which will be short-term bearish for Bitcoin price action.

Transfer Volume LTH to exchanges: (Source: Glassnode)

Transfer Volume LTH to exchanges in loss: (Source: Glassnode)

The post Bitcoin long-term holders capitulate at levels seen during FTX collapse appeared first on CryptoSlate.

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