On August 18, U.S. asset management firm VanEck released the mid-August edition of its Bitcoin (BTC) market analysis report, 'Bitcoin ChainCheck'. According to Matthew Siegel and others, the market's capitulation phase, which is marked by concentrated selling, reached the threshold in 8 out of 12 types of indicators. Over the past three months, all 12 indicators temporarily reached the same level.
The closing price of BTC on August 11 was...
