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$BTC Bitcoin's long term holders are capitulating again. And every time, it marked a bottom. This indicator tracks the % of long term holders sitting in profit. Below 65%, bear market bottoms start to form. Every single time it hit this level, it was a capitulation bottom. 2015, 2019, 2020, 2023. And where is it now? Right back in that same zone. When the diehards give up, the selling runs out.