Crypto Scenario Insights
What happened
Bitcoin has recorded its second-largest unrealized loss in history, yet low realized losses suggest investors are refusing to capitulate.
What we think
The most likely outcome is a volatile consolidation phase (50% probability) within the $62,000 to $66,500 range, as the market grapples with high unrealized losses and weak spot trading volume.
Read the analysis
Bitcoin's Historic Paper Losses: Will Holders Capitulate or Is a Liquidity Grab Underway?
We explain what happened and what could follow. We do not forecast prices.