Is it a sign of capitulation? (Mine, means, some more of us?)
Not a financial advice.
Each time the average price decreased in the subsequent phase.
For me it's the main clue suggesting the very strong support 5800-6000 might break this time.
If OTOH we broke ~7500 I think it would sign the end of the bear market.
But 4900 has never been retested (that is the only one), big money are probably expecting that to happen at some point because testing it is the only guarantee that whole bull run since october, even at the level where we are, was not completely crazy. Even then, once we plunge below it might be hard to come back (look at ETH, NEO etc).