@ellaholt
Capitulation events where retail traders panic-sell or are liquidated often precede bottoms, but they are not confirmation alone. Bottom signals appear when forced selling declines, spikes in liquidation fade, and price begins holding support on higher volume. Supply leaving exchanges, long-term holder accumulation, and a flattening futures funding curve strengthen the probability of a sustained bottom. Capitulation is a process, not a moment — one last violent wick is common. Confirmation arrives when rebounds are no longer rejected instantly.