Hello HODLers!

Yesterday’s brutal sell-off has officially entered Bitcoin’s history books.
A violent move that dragged BTC down to the $60,000 area shook even the most hardened investors — but it also raised a crucial question:

Are we witnessing capitulation… and getting close to the bottom?

Let’s break it down.

A Crash for the History Books

Thursday’s sell-off left deep scars on the market.
Several key indicators plunged back to levels last seen at the lows of previous macro cycles — a signal that something exceptional just happened.

After touching a local bottom near $60,000, Bitcoin immediately attempted a rebound. Buyers stepped in aggressively, pushing the price back toward $70,000, marking a +16.5% recovery from the low.

Still, the damage was severe.

Bitcoin dropped more than 14% in a single session, making it the worst daily decline since November 2022, during the infamous FTX collapse.

Liquidations tell the same story.

According to Coinglass data, daily BTC liquidations hit $1.3 billion, with over $1 billion wiped out from long positions alone. Excluding the October 10 candle, this stands as one of the largest liquidation events in Bitcoin’s history.

This wasn’t just fear.
This was forced selling.

What Capitulation Is Telling Us

The intensity of this sell-off caught most investors off guard — not only because of the speed, but also due to the near-total absence of aggressive dip buyers during the drop.

And yet, paradoxically, this is often where bottoms begin to form.

The Fear & Greed Index collapsed to a reading of 5, according to CoinMarketCap data.
A value this low has never been recorded before.

Pure panic.

At the same time, the Relative Strength Index (RSI) plunged below 15, a level previously seen only during the 2019 crash — one of the most oversold moments in Bitcoin’s entire history.

On-chain data adds even more weight to the picture.

Estimates suggest that over 10 million BTC are currently held at a loss, a condition observed only during the most extreme drawdowns. Historically, these environments tend to mark high-risk moments… but also high-opportunity zones.

Bitcoin Capitulation Signals: Is the Bottom Close?

So, is the bottom in?

Not yet confirmed — but the ingredients are there.

Bitcoin is now attempting its first real confrontation with the $70,000 level after the crash. Whether this move evolves into a sustainable recovery or turns into another rejection will depend on how the market digests this shock.

For now, one thing is clear:
We’ve entered a rare, emotionally charged phase of the cycle.

This is when patience matters more than predictions.

Instead of chasing price, many investors are shifting focus toward positioning, accumulation strategies, and passive exposure — especially tools that allow participation without constant trading stress.

That’s why, during periods like this, I personally keep an eye on passive earning platforms that work quietly in the background, regardless of short-term volatility.

Two worth mentioning right now:

• Grass – a passive DePIN project that lets you earn simply by sharing unused bandwidth
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• Uprock – another emerging passive income network, designed to reward users without active trading
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They won’t predict the bottom — but they do allow you to stay productive while the market finds it.

Final Thoughts

Yesterday’s sell-off was historic.
Capitulation signals are flashing.
Fear is extreme.

Whether Bitcoin has already printed its bottom or needs more time, one thing is certain: moments like this don’t happen often.

Now is the phase where the market decides who panics — and who prepares.

And sometimes, doing less is the smartest move of all.

🔥 MY PASSIVE EARNINGS: What I’m actually farming right now🔥

1. GRASS — (DePIN/AI)

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