Bitcoin Capitulation Signal Flashes As $12B Leaves The Network

Bitcoin is showing renewed signs of on-chain capitulation, according to Axel Adler Jr.’s latest Adler AM Bitcoin Morning Brief, as realized capitalization contracts and loss-taking sales dominate market activity. The setup matters because two independent measures: Realized Cap Net Position 30D Change and adjusted SOPR are now pointing to the same stress regime. In the June 10 brief, Adler said Bit