The word "capitulation," is derived from the military, and it refers to giving up or surrendering. You might wonder about its significance in the context of finance — and by extension the cryptocurrency world. The phrase refers to a scenario in which traders or investors give up on long positions that are currently losing money and sell, out of concern that the price of the stock will continue to fall. Hence, the ultimate phase of panic selling is called capitulation, during which sellers will accept any price to relieve the agony of what seems like constant pressure to buy.