In a report published November 11, 2026, at 13:43 (UTC+8), BlockBeats cited Capriole founder Charles Edwards as saying Bitcoin treasury companies were “capitulating.” His evidence: the ratio of their cumulative purchases to sales had just fallen below 90%.
Edwards said the ratio had reached this level only three times before and that each instance proved to be a good buying opportunity. On that basis, he viewed the reported selling as a potentially positive historical signal for Bitcoin, despite its bearish short-term implication.
That is Edwards’s interpretation, not a verified forecast. The brief report provides no underlying data or dates for the three earlier instances, so readers cannot assess the comparison from the report alone.