🧨 The latest Bitcoin drop wasn’t “just another correction.”
It was a clear capitulation event.
And you can prove it by looking at three signals that rarely show up together:

1️⃣ Hash Rate plunged over 30 days
Miners shutting down machines = real pressure on the ecosystem.
When miners start bleeding, it usually means the market is hitting its limit.
2️⃣ Price drawdown hit extreme levels
A fast, violent drop — way outside the historical median.
This isn’t a technical move… it’s pain. It’s forced selling. It’s liquidation.
3️⃣ Active supply spiked
People who usually hold BTC for months (or years) started spending their coins.
This behavior only appears when sentiment breaks.
When these three signals flash at the same time, the Capitulation Oscillator shoots up — and that almost always marks the final phase of a downtrend or a flattening phase like we saw in 2021.

It’s not a guarantee of an immediate bottom, of course.