Retail investors are analyzing the crypto market for signs of a bottom to determine when to buy more assets, according to Santiment. The term “capitulation” is trending, indicating investors selling out of fear the market won’t recover. Google searches for “crypto capitulation” have surged, reaching a score of 58.

Despite recent price drops, some analysts are skeptical that the recent dump represents the cycle bottom for Bitcoin. Analysts caution that bear markets can experience multiple capitulation events. Bitcoin’s price fell to $60,000, its lowest since October 2024. Bitcoin has fallen 24.27% over the past month, trading at $68,970.

The Crypto Fear & Greed Index has dipped further into “Extreme Fear” territory, with a score of 7, signaling extreme caution among investors. Market sentiment remains cautious, with many investors wary of calling a market bottom too soon. Experts warn that bear markets can see multiple capitulation events before a true bottom is reached.

Read more at Cointelegraph: Crypto Retail Investors Are Trying To ‘Meta-Analyze’ Market