Two widely watched gauges show capitulation, but the analyst flagging them warns the slow grind comes next. Bitcoin is trading near its historically depressed 200-week average, a level typically seen late in bear markets, even after the hottest U.S. inflation reading in three years. Market sentiment is deeply negative, with the Crypto Fear and Greed Index at 9 and major cryptocurrencies posting only shallow bounces that have not erased this week’s losses amid record ETF outflows. Hot headline i…
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