Crypto Scenario Insights
What happened
Bitcoin's proximity to its realized price of $53,600 suggests a historical valuation floor, but a massive contraction in spot and speculative demand threatens further downside.
What we think
We assess a 50% probability of range-bound consolidation ($54k-$62k) and a 30% probability of a bearish flush-out to test the realized price floor of $53,600. The single biggest risk is an acceleration of U.S.
Read the analysis
Is Bitcoin's $59,000 Floor a True Bottom, or Will Lack of Spot Demand Force a Deeper Capitulation?
We explain what happened and what could follow. We do not forecast prices.