Bitcoin flashes 8 capitulation signals, but traders just spent $552 million protecting against another crash

Bitcoin is showing some of the strongest capitulation signals of the current downturn, suggesting the selloff may be entering a later stage even as the market offers little evidence of an imminent rebound. Eight of the 12 indicators tracked by VanEck are currently flashing capitulation, while all 12 reached extreme levels at some point during […] The post Bitcoin flashes 8 capitulation signals, but traders just spent $552 million protecting against another crash appeared first on CryptoSlate.