CRYPTO HAS ENTERED FULL CAPITULATION MODE

Bitcoin has broken below $71,000, while ETH fell under $2,100, as selling pressure accelerates across the market.
Liquidations have now exceeded $830M in 24 hours, with over $6.7B in leveraged positions wiped out in less than a week.
Bitcoin is down 45% from its ATH, marking its lowest price since November 2024 and erasing all gains since the Trump election win.
Since the October peak, roughly $1.89TRILLIONhas been wiped from total crypto market cap.
In January alone, $1.6B exited Bitcoin ETFs, reinforcing sustained institutional outflows.
Bitcoin has now logged 4 consecutive monthly declines, the first time since 2018.
The Fear & Greed Index is printing its longest streak of extreme fear since last year, a signal historically associated with late-stage drawdowns.
This is no longer a pullback.
This is structural damage, forced deleveraging, and sentiment capitulation.
In past cycles, conditions like this marked the transition from distribution to reset.
In 2018, Bitcoin stayed in this zone for months, not days.
This is where bears take control, confidence breaks, and weak hands exit.
Nothing here guarantees a bottom.
Nothing here promises relief.
The only question left is:
Who survives the purge?