According to reports, Bitcoin (BTC) is showing its most oversold signal on record amidst price struggles and ETF outflows. Data indicates BTC's price dipped to around $62,700, with its weekly relative strength index (RSI) printing roughly 25.7. Galaxy Digital’s head of research noted this weekly RSI is lower than any time except the darkest of bears. Market observers describe the current setup as “full capitulation,” noting similar RSI extremes have historically been followed by long, messy recoveries. Data suggests realized losses are dominating, indicating sellers remain the marginal price-setters. CryptoQuant describes this period as the deepest pain phase of the current drawdown, with on-chain investors posting their largest realized losses on record.

According to reports, Bitcoin (BTC) is showing its most oversold signal on record amidst price struggles and ETF outflows. Data indicates BTC's price dipped to around $62,700, with its weekly relative strength index (RSI) printing roughly 25.7. Galaxy Digital’s head of research noted this weekly RSI is lower than any time except the darkest of bears. Market observers describe the current setup as “full capitulation,” noting similar RSI extremes have historically been followed by long, messy recoveries. Data suggests realized losses are dominating, indicating sellers remain the marginal price-setters. CryptoQuant describes this period as the deepest pain phase of the current drawdown, with on-chain investors posting their largest realized losses on record.