BTC Capitulation/Accumulation - Macro AnalysisBitcoin all time history indexINDEX:BTCUSDCuantmanTVCapitulation is defined as surrendering or ceasing to resist. In markets, it refers to the point where investors give up holding their positions, selling regardless of losses and driving price below key moving averages. Historically, this has also proven to be the best moment to enter the market for longer-term positions. For every bear market cycle visible on the weekly chart, the range between the 200-week Simple Moving Average (SMA) and the 200-week Weighted Moving Average (WMA) has consistently defined the capitulation zone. The maximum bottom in every bear market has been no more than 28% below the 200-week SMA — with the sole exception of the COVID crash, which was an exogenous shock rather than a typical cycle-driven bear market, and which bottomed precisely at the 200 SMA before recovering sharply. Current levels: 200 SMA ~$58,000 200 WMA ~$76,000 28% below 200 SMA (max historical downside) ~$39,000 Buying within this accumulation zone has worked in every single cycle for those with a longer-term horizon. As the old saying goes: buy when there is blood on the streets.