Bitcoin Price Still Searching for Bottom Despite 18% Slide Since ETF Launch
• Actual capitulation, with high trading volumes and negative funding rates, signals a potential price bottom, but bitcoin is not showing such signs yet
• Emotional capitulation with extreme fear is another sign of a bottom, but market sentiment remains neutral currently
• Options market pricing and call-put skews signaled fears of a post-ETF launch price slide and remain negative, indicating persistent fears of further downside
• Savvy traders look for capitulation signals to identify good entry points to buy; the above signs would indicate potential price bottom
• Bitcoin has fallen 18% since spot ETFs began trading, but key metrics are not yet signaling a clear bottom