In a report published on November 11, 2026, at 13:43 (UTC+8), BlockBeats cited Capriole founder Charles Edwards as saying that Bitcoin treasury companies’ cumulative purchases relative to sales had just fallen below 90%. He described the companies as “capitulating” through near-term selling.
A lower ratio indicates more selling relative to buying. Edwards said the ratio had reached this kind of level only three times before and characterized each instance as a good buying opportunity. On that historical basis, he viewed the current reading as a potentially positive sign for Bitcoin despite the near-term selling. That is his interpretation of the indicator, not a forecast established by the reading alone.