On-Chain Data Points to Capitulation—What’s Next? — TradingView News
The crypto market is witnessing a steep decline today, with total market capitalisation slipping below $3.8 trillion, down nearly 5% in 24 hours. Bitcoin price dropped below the $110,000 barrier, while Ethereum price dropped below $4000. This correction follows a wave of global macro uncertainty—including renewed U.S.–China trade tensions, stronger dollar momentum, and rising bond yields—which have collectively sparked a risk-off rotation.
Popular cryptos, which had been rallying steadily through early October, are now seeing intense profit-taking and forced liquidations, suggesting the market may be entering a short-term consolidation or correction phase.
On-Chain Metrics Signal Capital Outflows
While derivatives show the immediate…
