Quote from: davis196 on October 02, 2018, 11:46:39 AM

If this is capitulation,then who is about to surrender?The crypto traders,the crypto whales,exchanges,newbies?

underwater investors and traders. the term is shortened from "market capitulation". here's the common definition:

Quote

Capitulation is when investors give up any previous gains in stock prices by selling equities, to get out of the market. Capitulation involves extremely high volume and sharp declines. It also usually involves panic selling.

capitulation is when the bulls collectively "give up" and liquidate their positions in a high-volume crash. if the $6000 level fails, i would expect many bulls to continue holding through another downtrend, then finally capitulate months later---maybe in the $2000s or $3000s.