If $33k already was the "capitulation", it was reached pretty early. Uncomfirmed, yet showing noticeable sell volume.
Feels bullish somehow.
Have a good #hodlsleep.
I don't know how you would presume early?
We have had nearly three months of down.. and for sure at some point it is going to need to stop, whether we see some kind of traditional reversal or something more whimpy. That $33k that you mention represents a bit over a 52% correction.. that has been followed by an earlier 56% correction.. so that surely seems like enough down for me, and I see no reason that we need to have any kind of capitulation in order for the momentum to resume UPpity... sure anything can happen, but we do not have to have "down before up."
In other words, there does not have to be capitulation for the bottom to be "in" - even though some peeps do appreciate a more clear sign that the bottom is "in" but that is NOT always how price dynamics play out in bitcoinlandia.
Looking at this from the reverse view, I remember a young guy posted here a long time ago that he had sold a house he had inherited from his father and bought bitcoin with all the proceeds. I think the BTC price might have been $300 at the time. I often wonder if he held on long term to his coins. Which would now buy him an entire street of 100 houses or more.
At the time many here were saying he was crazy to risk all of his fathers lifetimes work, while others - who had a good inkling of where the coin was heading - applauded and encouraged the young guy.
I remember that guy. It was not a 'childhood home' for him. He was so dubious sounding about it all, I wouldn't be surprised if he sold. I haven't looked it up.
I know that Elwar sold his house for bitcoin around that time. Not sure about the origins of the house.
I am pretty sure that Elwar sold his house around the summer of 2016 . or it was some kind of similar event in which Elwar finalized the house deal and bought the bitcoin in something like the $600s., and then the bitcoin price dropped for about 6 months (around that time there was an issue involving the Bitfinex exchange that caused the BTC price to linger for several months.. before recovering) which contributed to Elwar looking like a fool for about 6 months.. .since he bought the bitcoin that were a product to his house sale proceeds.. right before the Bitfinex "hackening" or whatever it was?).. and then thereafter he looked like a genius because the BTC price recovered way beyond his purchase price.. especially once we got into 2017.. and really the lowest dip that we had was around $800 in early 2017.. before getting into the $2k to $3k price territory and we know the rest of what happened in 2017.