⚡ Analysts: BTC Bear Market May Be Nearing Bottom — But $60K Must Hold
With Bitcoin down roughly 44% from its October 2025 all-time high of ~$126,000, analysts at Mercado Bitcoin and several on-chain research firms suggest the market may be approaching a cyclical bottom. On-chain data shows over 400,000 BTC accumulated in the $60K–$70K band, and whale addresses — including Abu Dhabi's Mubadala Investment Company — have been adding ETF exposure. However, analysts warn that a sustained close below $60,000 would invalidate the bull case and open the door to sharper losses.
🔗 https://www.coindesk.com/markets/2026/03/01/bitcoin-market-bottom-may-be-nearing-at-least-if-measured-against-gold-analyst-says
#bitcoin #bottom #onchain #whales #macro
#bitcoin #crypto #nostr
With Bitcoin down roughly 44% from its October 2025 all-time high of ~$126,000, analysts at Mercado Bitcoin and several on-chain research firms suggest the market may be approaching a cyclical bottom. On-chain data shows over 400,000 BTC accumulated in the $60K–$70K band, and whale addresses — including Abu Dhabi's Mubadala Investment Company — have been adding ETF exposure. However, analysts warn that a sustained close below $60,000 would invalidate the bull case and open the door to sharper losses.
🔗 https://www.coindesk.com/markets/2026/03/01/bitcoin-market-bottom-may-be-nearing-at-least-if-measured-against-gold-analyst-says
#bitcoin #bottom #onchain #whales #macro
#bitcoin #crypto #nostr