Bitcoin Enters Full Capitulation Phase as Price Drops Below $63,000

Bitcoin has entered a phase of full market capitulation after its price plummeted below the critical $63,000 threshold. This downward movement has triggered significant panic selling among short-term holders looking to exit their positions amid rising volatility. Technical indicators reflect the severity of the decline, with the Relative Strength Index (RSI) approaching record lows, signaling extreme oversold conditions. Analysts suggest that this capitulation phase represents a final flush-out of 'weak hands' under heavy selling pressure. While the immediate outlook remains bearish, such historically low technical readings often precede the formation of a potential market bottom. Investors are closely monitoring the situation as the broader crypto ecosystem reacts to this high-volume selling regime.