According to ME News, on August 19 (UTC+8), Bitcoin News posted on X that VanEck stated eight of its 12 Bitcoin capitulation signals are currently active, with all 12 signals having entered capitulation territory at some point over the past three months. VanEck expects this Bitcoin pullback to be smaller than the 78% to 94% declines seen in previous bear markets, citing factors such as demand for spot ETFs, an expanding base of institutional holders, and the absence of major failures like Celsius, 3AC, and FTX. Bitcoin is currently down 49% from its peak. (Source: ODAILY)
VanEck: 8 Bitcoin 'Surrender' Signals Triggered, But This Correction May Be Less Severe
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Summary
Bitcoin news from August 19 (UTC+8) shows VanEck has detected 8 out of 12 Bitcoin "surrender" signals. However, the firm expects this correction to be milder than past bear markets, which saw declines of 78% to 94%. VanEck cites rising demand for spot ETFs, increased institutional participation, and the absence of major collapses like Celsius or FTX. Bitcoin is currently 49% below its peak.
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