Santiment Sees No Bitcoin Capitulation as October Closes Near 7% Lower

Santiment saw no clear indication that Bitcoin sellers had capitulated even though the asset finished October with an approximately 7% decline, according to Bitcoin Sistemi’s summary of the analysis. The report points to a distinction between a monthly loss and the kind of broad forced selling commonly associated with a market capitulation, although the supplied coverage does not provide the underlying on-chain metrics used to reach that conclusion. The available reporting does not offer independent corroboration of Santiment’s assessment. Bitcoin Sistemi’s account is the only supplied summary addressing October’s Bitcoin performance and Santiment’s interpretation. Decrypt instead focuses on forensic analysis of a separate security incident involving a Brazilian exchange, so its findings should not be presented as confirmation of Santiment’s market analysis. That separate incident carried substantial figures: Decrypt reported that $48.6 million moved across 11 blockchains and that thousands of customer deposit addresses were drained within hours of the exchange saying it had stopped the breach on Monday. The supplied material does not identify the exchange, explain the precise attack mechanism, or say who controlled the stolen funds.

Live market data nevertheless shows continued pressure across major crypto assets. Bitcoin is priced at $76,118, down 5.50% over 24 hours and 3.68% over seven days, with a $1.53 trillion market capitalization. Ethereum stands at $2,239.64, down 7.54% over 24 hours and 1.55% over seven days, while its market capitalization is $273.65 billion. The broader crypto market is broadly lower, with total market capitalization at $2.62 trillion and the Fear and Greed index at 28, placing sentiment in the Fear range.

The immediate market context is therefore weaker than Santiment’s October framing: both tracked assets are falling, Ethereum’s daily decline is larger, and the overall sentiment reading remains defensive. The October figure and the live daily and weekly moves cover different periods and should not be compared as equivalent measures. The relevant items to monitor are whether Bitcoin can hold the current $76,118 area, whether Ethereum stabilizes around $2,239.64, and whether the Fear reading changes as the broader $2.62 trillion market continues to contract.