Just came across an interesting take from analyst Axel on where Bitcoin could be headed. He's watching this key level around 1.25x the realized price (currently around $67.6k), and if BTC slips below that, he sees a potential crypto drop down to the $54k–$58k range. Right now we're trading at $78k, so there's still some buffer, but it's worth keeping an eye on.

What caught my attention is how he's framing this pullback—he says it's actually less intense than what we saw in 2017-18 or the 2021-22 crash. More similar to the 2013-15 correction, which was relatively tame. That's somewhat reassuring, but Axel made it clear we shouldn't get ahead of ourselves calling a bottom yet. The crypto drop scenario is still on the table if support breaks. Basically, stay alert but don't panic.