Bitcoin (BTC) recorded an average of 2.3 billion USD in realized net losses over the last seven days. CryptoQuant analyst IT Tech described this as one of the largest capitulation events in BTC history; compared it to the 2021 crash, 2022 LUNA/FTX crash, and mid-2024 correction. This is one of the top 3-5 loss events in history. BTC fell 50% from its October 126,000 USD peak to 66,600 USD; it had recovered from below 60,000 at the beginning of February. Current price: 66,591.92 USD (-1.34% 24h).
Bitcoin sees historical realized losses. Source: CryptoQuant
BTC Capitulation Event and Realized Price Analysis
According to CryptoQuant, BTC’s realized price is 55,000 USD; indicating historical bear bottoms. In past cycles, consolidation below 24-30% was followed by recovery. LVRG Research Director Nick Ruck emphasized short-term holder panic; awaiting institutional buying or miner stability for the full bottom. Potential support: 40,000-60,000 USD.
The bear market bottom would be below Bitcoin’s realized price (blue line). Source: CryptoQuant
Critical Support and Resistance Levels for BTC
- Supports: S1: 65,433 USD (⭐ Strong, -1.6%), S2: 60,000 USD (⭐ Strong, -9.77%)
- Resistances: R1: 66,915 USD (⭐ Strong, +0.63%), R2: 70,525 USD (⭐ Strong, +6%)
- RSI: 29.89 (Oversold), Supertrend: Bearish, EMA20: 74,530 USD
The oversold RSI may signal a bottom for BTC detailed analysis.
Latest Developments: Institutional Buying and ETF Flows
Despite capitulation, positive signals: Binance SAFU fund bought 4,545 BTC worth 304.58 million USD. Goldman Sachs holds 1.1 billion USD in BTC. February 9 BTC ETFs: 144.9 million USD net inflow. This could be a recovery catalyst for BTC futures (February 13, 2026).
Frequently Asked Questions About BTC Capitulation
- What does BTC capitulation mean? Peak realized losses from investors’ panic selling.
- What is BTC’s bottom level? Below realized price of 55,000 USD; 40,000-60,000 range is critical.
- Will institutional buying save BTC? ETF inflows and Binance/Goldman moves are supportive.
Source: https://en.coinotag.com/btc-historic-capitulation-23-billion-loss
