Bitcoin Price Drops To $115K After Rate-Cut Rally — But BTC Far From Capitulation

2 hours ago

On Thursday, September 18, the Bitcoin terms enjoyed some signifier of rejuvenation pursuing the result of the United States Federal Open Market Committee (FOMC) meeting. Federal Reserve Chair Jerome Powell announced an involvement complaint chopped for the archetypal clip successful 2025.

The wide crypto marketplace rallied connected the backmost of this complaint chopped announcement, with the Bitcoin terms moving to a monthly precocious and astir breaking supra the $118,000 level connected the day. However, the premier cryptocurrency has failed to physique connected this momentum, retreating to astir $115,500 connected Friday, September 19.

With terms incapable to prolong a superior rally, the question connected the different broadside is—is the Bitcoin marketplace connected the brink of capitulation?

BTC Market Shows Zero Signs Of Capitulation

In a station connected societal media level X, marketplace analytics steadfast Alphractal revealed that the Bitcoin marketplace is acold from terms capitulation. According to the blockchain platform, the Bitcoin terms has shown nary signs of capitulation for implicit a year—since July 2024.

This on-chain reflection is based connected the Market Capitulation Index (0 – 3), which tracks imaginable periods of aggravated downward terms movement. This metric is based connected 3 accent signals: Hash capitulation (>30% diminution successful 30 days), terms capitulation (>50% drop), and proviso capitulation (7-day progressive proviso >15%), with each awesome contributing a constituent apiece.

According to Alphractal, scores of astir 2 – 3 for the Market Capitulation Index bespeak terrible marketplace accent and imaginable capitulation. Typically, precocious values for this metric suggest utmost selling pressure. Meanwhile, scores betwixt 0 and 1 awesome mean marketplace conditions for the Bitcoin price.

Looking astatine the metric—which is astatine zero—and the 3 accent signals, the BTC marketplace does not amusement immoderate signs of capitulation, with the hash complaint hitting caller all-time highs successful September. Furthermore, portion the Bitcoin terms has not peculiarly impressed truthful acold successful the past fewer months, it has mostly been successful a consolidation scope alternatively than successful a downward trend.

Alphractal laminitis Joao Wedson noted successful a abstracted station that it volition apt instrumentality a fewer much months earlier the largest cryptocurrency marketplace faces capitulation. Ultimately, this means that the Bitcoin terms inactive has a accidental of witnessing different limb up successful the existent bull cycle.