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Bitcoin capitulation check
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AI visual note: A VanEck "Bitcoin Capitulation Check" dashboard displays 12 on-chain and market signals (such as 2-5yr holder supply share at 14.5%, MVRV Z-Score of 0.37, price drawdown from ATH of -49.0%, and options put/call premium ratio at 2.30), showing that 8 of the 12 metrics have fired in the last 3 months, indicating Bitcoin is entering a capitulation zone.