Opinion: Bitcoin treasury companies show 'surrender' signals, previous 3 times were all buying opportunities

BlockBeats news, November 11: Charles Edwards, founder of Capriole Fund, posted that Bitcoin treasury companies are "capitulating." The ratio of their cumulative purchases to sales has just fallen below 90%. (Note: Generally, a declining ratio indicates relatively increased selling pressure (bearish), but extreme lows have historically corresponded to bottom areas.)

Historically, this situation has only occurred 3 times, and each time was a great buying opportunity. So he believes that although companies are selling in the short term (capitulating), from a historical perspective this is actually a good signal for Bitcoin.

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