Bitcoin's Price-Metric Basket Enters Longest Capitulation Since FTX Collapse

The price-metric basket for Bitcoin has entered its longest period of capitulation since the FTX exchange collapse in November 2022.

This composite index combines several indicators, including the Puell Multiple, MVRV ratio, and realized profit/loss margins, to gauge market sentiment.

The prolonged weakness signals that traders remain under pressure, with sentiment comparable to the aftermath of the FTX failure.

The current period has lasted over 40 consecutive days, surpassing the previous record.