• Bitcoin price drops 4% to $62,700, breaching $63,000 threshold. • RSI near record lows suggests potential bottom formation. • Panic selling driven by short‑term holders and loss‑realization phase. • Market sentiment indicates transition into excess loss‑realization regime. • Analysts warn of continued capitulation pressure on BTC.

Article Summaries:

  • Bitcoin fell below $63,000, dropping 4 % in 24 hours to an intraday low of $62,700, signaling a full capitulation phase. Analysts note the weekly relative strength index (RSI) has hit a record‑low “most oversold” level of 25.7, suggesting a potential bottom. The Short‑Term Holder SOPR fell below 1, indicating short‑term holders are selling at a loss, while the 90‑day realized profit/loss ratio also dropped below 1, confirming an excess loss‑realization regime. Volume of loss‑realized coins has cooled from $1.24 billion to about $500 million daily, but market pressure remains high.

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