Bitcoin’s Bear Market Bottom Capped at $60K
- K33 Research indicates the Bitcoin bear market bottom is capped at $60,000.
- Funding rates have been negative for an unprecedented stretch of 81 days, indicating a bearish market sentiment.
- Bitcoin is projected to consolidate between $60,000 and $75,000 without experiencing an over-80% crash.
- The maximum drawdown from the all-time high of $126,272 on October 6, 2025, is approximately a decline of about 52%.
- Institutional capital and regulated products are key factors in preventing extreme leverage feedback loops seen in past cycles.
K33 Research suggests that the current bear market conditions make it unlikely for Bitcoin to experience a collapse similar to those in previous cycles due to institutional involvement and prolonged negative funding rates. The current sentiment may limit further downside by exhausting selling pressure early on.
The projected consolidation range for Bitcoin between $60,000 and $75,000 reflects a more stable market environment compared to past cycles with extreme losses exceeding over-80%. (Source)
