Bitcoin down 50% from its all-time high: Is 60K the floor or just a stop?
📌 $BTC is trading around $62,000–63,000, nearly 50% below its all-time high near $126,000 in October 2025. This drawdown is deep enough to make the $60,000 area the most important psychological level for the market right now.
🔎 The main pressure still comes from elevated US yields and continued outflows from Bitcoin ETFs. As institutional buying slows, the market needs stronger confirmation instead of relying only on dip-buying expectations.
⚠️ Fear & Greed has fallen into Extreme Fear, showing that sentiment is very weak. However, funding remains close to neutral, meaning leverage is not extremely tilted to one side and a technical rebound is still possible.
📊 If $BTC holds the $60,000–65,000 zone, it could become a short-term accumulation base before a rebound toward $68,000–72,000. If $60,000 breaks clearly, the risk of a deeper test toward $55,000 or $50,000 will increase.
✅ For now, 60K should be viewed as a potential short-term floor, not the absolute bottom of the cycle. ETF flows, US yields, and price reaction around this support remain the key signals to watch.