Sentiment in the crypto markets is quite bullish at the moment. I still believe we have not seen the worst part of the bear market (even though I hope I'm wrong). Looking at 1.9k as a solid bottom for btc and it could even wick down to 1.3k as a final capitulation.
All signs point down, yet it goes sideways. Honestly, I think the only thing holding it up right now are the wash traders like Coinbene and FCoin exchanges. If Singapore shuts down Coinbene, I'd bet it'd drop to your capitulation mark in about 36 hours or less. Maybe 24?