Bitcoin may be approaching the end of its 11-month correction, according to VanEck’s mid-August Bitcoin ChainCheck report. The asset manager said eight of 12 on-chain and market-based capitulation indicators were flashing on Aug. 18. Bitcoin was trading near $64,500 after spending roughly two months between $58,000 and $66,500, about 48% below its October 2025 record of $126,300.
Long-term holders sold 356,000 BTC over 30 days, reducing their share of circulating supply below 60%, although they still held about 11.84 million BTC. VanEck said the pattern resembles late-stage selling in previous drawdowns and projected that an accumulation phase could emerge between September and November if historical cycles remain a useful guide. The firm cautioned that capitulation readings are not reliable short-term timing signals: earlier instances produced weaker-than-usual 90- and 180-day returns, while longer-term results were stronger but based on a small sample.
https://news.bitcoin.com/crypto-news/vaneck-bitcoin-capitulation-signals-august-2026/
oxhak / Ox HaK
npub1sx…dz7z7
2026-08-19 08:35:56 UTC
Author Public Key
npub1sxexewvzysc3affq4yzzh7w8e3udyujap2vlj7t6lkdg5dvhp24q4dz7z7Seen on
wss://nos.lolPublished at
2026-08-19 08:35:56 UTCEvent JSON
{
"id": "234be18d9245b60a7ff6fcdd947e888429afa559b7152aebad081a3f7220cb9a",
"pubkey": "81b26cb98224311ea520a9042bf9c7cc78d2725d0a99f9797afd9a8a35970aaa",
"created_at": 1787128556,
"kind": 1,
"tags": [],
"content": "Bitcoin may be approaching the end of its 11-month correction, according to VanEck’s mid-August Bitcoin ChainCheck report. The asset manager said eight of 12 on-chain and market-based capitulation indicators were flashing on Aug. 18. Bitcoin was trading near $64,500 after spending roughly two months between $58,000 and $66,500, about 48% below its October 2025 record of $126,300.\n\nLong-term holders sold 356,000 BTC over 30 days, reducing their share of circulating supply below 60%, although they still held about 11.84 million BTC. VanEck said the pattern resembles late-stage selling in previous drawdowns and projected that an accumulation phase could emerge between September and November if historical cycles remain a useful guide. The firm cautioned that capitulation readings are not reliable short-term timing signals: earlier instances produced weaker-than-usual 90- and 180-day returns, while longer-term results were stronger but based on a small sample.\n\nhttps://news.bitcoin.com/crypto-news/vaneck-bitcoin-capitulation-signals-august-2026/",
"sig": "2fcaf00a489328ab7d5653ec1359eb1ce0bfdd1e9de97390f10d48dca846391680e27ae54ce073ca5862640ce0d266645d4d3d5fe3b164b8c719b2953e1a5f92"
}