CAP crypto sees $59,400 wiped out – How long traders bore the brunt of this decline

CAP saw roughly $59,400 wiped out from its market cap as capital outflows weighed on the token's price, with traders bearing the brunt of the decline for an extended stretch. The selloff was driven by persistent outflows rather than a single shock, keeping selling pressure on CAP elevated through the period. Despite the drawdown, long positions have been building, a signal that a meaningful share of traders are positioning for a recovery rather than exiting. That divergence — falling price against rising long exposure — suggests the market is split between outflow-driven sellers and dip buyers. The key question is whether outflows abate and longs hold their positions, which would keep the odds of a rally elevated, or whether continued outflows force longs to capitulate and extend the decline.