Bitcoin faces intense capitulation with 8M BTC and bulk ETH supply at loss, trading at $61163.25 amid bearish 4h structure with EMA50 resistance at $64049.58.

Bitcoin daily RSI reaches lowest since COVID-19 crash at $61014 amid heavy capitulation as 4h chart shows oversold RSI 28.48 and bearish EMA structure.

According to @santimentfeed, retail interest in most crypto topics that dominated 2025 has been fading, with overall cryptocurrency discourse decreasing on its Social Trends dashboard, which the firm flags as capitulation signs; source: Santiment X post Dec 1, 2025; Santiment Historical Crypto Trends dashboard. @santimentfeed states that the continued decline in crypto discourse indicates the market is moving closer to a potential bottom, citing its historical trend data; source: Santiment X post Dec 1, 2025; Santiment Historical Crypto Trends dashboard. @santimentfeed directs traders to its Historical Crypto Trends feed for tracking topic dominance and social activity as indicators of capitulation and bottom proximity; source: Santiment X post Dec 1, 2025; Santiment Historical Crypto Trends dashboard.

According to @ThinkingUSD, many funds remain in profit heading into year-end, reducing incentive to catch a falling knife and step in front of persistent selling, which limits dip-buying liquidity and makes it hard to call a true capitulation; source: X post by @ThinkingUSD on Nov 20, 2025, https://twitter.com/ThinkingUSD/status/1991593928840344043. According to @ThinkingUSD, crypto markets may be approaching a near-term bottom while the outlook for equities remains uncertain; source: X post by @ThinkingUSD on Nov 20, 2025, https://twitter.com/ThinkingUSD/status/1991593928840344043.

According to @CryptoMichNL, short-term holder supply in loss is now deeper than during the FTX collapse and the COVID-19 crash, signaling an extreme drawdown phase (source: @CryptoMichNL on X, Nov 20, 2025). According to @CryptoMichNL, the Crypto Fear and Greed Index has fallen to 9, lower than readings seen during Luna and FTX, indicating capitulation-level sentiment (source: @CryptoMichNL on X, Nov 20, 2025). According to @CryptoMichNL, the market is extremely overextended to the downside and traders should stay calm and make rational decisions to avoid emotion-driven portfolio damage (source: @CryptoMichNL on X, Nov 20, 2025).