The epic capitulations were preceded by epic peaks.
Where epic peak?
Oi, I made that argument before 😝
It’s really just the reset we need, at whatever price that may be. Could be 10k, could be 15k or it could be the 27k wick that every crypto person is saying it will be.
What I would argue to myself who says ‘where peak’ is we are at 42.5% BTC dominance. Everybody is in alts at 35k. They need to be nuked and rug pulled otherwise going up means retail and capital is drawn away from BTC.
So for me, the low dominance is what I think price will react to. SOL at $50 sounds ok still. SOL at $10 makes you question whether it will actually rebound in years down the road.
Capitulation is crazy close. Every bastard said we were going to ATH or at least 52k and here we are at 35k. Retail can’t take much more of this.