The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
After weeks of selling pressure, Bitcoin's unspent transaction output (UTXO) data indicates the market has entered a capitulation phase, according to CryptoQuant analyst Darkfost. The analyst suggests this phase, marked by a high number of loss-making wallets and selling pressure from short-term holders, could signal an approaching price bottom.
Historically, previous capitulation phases have coincided with major turning points for Bitcoin, followed by strong returns for long-term holders. This development comes as Bitcoin's price has declined to near $34.98 at the close on May 15, 2026, according to market data. Investors now await further signals to confirm a trend reversal.
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Sign InIn trading, Bitcoin ranged between $34.75 and $35.39 during the May 15 session, with attention focused on the market's ability to hold support at the lower bound. No near-term direct economic catalysts for cryptocurrencies are on the horizon, leaving the focus on market behavior and on-chain data to confirm the end of the capitulation phase.