⚠ For the first time, Bitcoin has lost the 2-Year Moving Average (2Y SMA).
The last time $BTC was above this level was in October 2023.
Now, this breakdown revives a simple — yet historically powerful — signal.
📉 For many analysts, this move may indicate the beginning of a real capitulation cycle.
🧠 Historical context matters:
Almost every time Bitcoin’s price fell below the 2Y SMA, the market:
1⃣ Experienced further downside
2⃣ Entered a prolonged accumulation phase
3⃣ Laid the groundwork for the next bull cycle
⏳ Capitulation is not a single event — it’s a process.