CoinTelegraph
Bitcoin's Longest Capitulation Since FTX Collapse: Glassnode Data Shows
August 5, 2026•06:34 AM
Glassnode has confirmed that its aggregate BTC price cycle tool is in its coldest phase since the collapse of FTX in late 2022. The Bitcoin capitulation metric has reached its longest period since the end of the 2022 bear market, according to the on-chain analytics platform.
This prolonged capitulation signal suggests investors are in a state of despair and selling, a historical pattern that often precedes market bottoms. Glassnode's data indicates current sentiment is comparable to the post-FTX collapse period when Bitcoin hit its bottom before beginning a new upward phase. Attentive investors should closely monitor this indicator as a potential trend reversal signal in the crypto market.
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