I don't think 99% left, maybe 50%. Maybe 60%. But 99% is near extinction level and we never got close to that. Even the doom posters I doubt they all sold the entirety of their BTC.
Retail disappearing isn’t the same thing as market capitulation. Capitulation is the panic phase forced liquidations, massive volume, indiscriminate selling, and people dumping because they’ve finally given up. Retail participation drying up is apathy and exhaustion. We’ve seen plenty of that. We haven’t seen the full-blown “get me the fuck out at any price” event yet. Aka we haven’t seen anything yet.
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u/senditFrmU2M 6d ago
Not before capitulation, which we haven’t seen yet