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Analysis: In the previous two bear markets, the total BTC losses at the bottom were 10.6 million coins, corresponding to a price of $60k in this round.

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BlockBeats News, May 23 — Analyst Murphy stated that during the two bear market bottoms in February 2019 and January 2022, the amount of BTC lost was 10.6 million coins each time. If this pattern continues in the current bear market, the corresponding bottom price would be around $60k. Whenever the circulating BTC loss reaches a certain critical threshold, the supply side may become exhausted, making it difficult for the price to continue falling. On February 5, 2026, when BTC drops to $60k, the loss amount is close to 9.93 million coins. If it drops back to 60k coins, the current BTC chip structure's loss amount will reach 10.6 million coins, coinciding with the previous bear market bottom.
BTC1.79%
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GateUser-6857a9c9
· 13h ago
Is it a coincidence or a necessity that the number 10.6 million appears twice? Worth pondering.
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TvlDownBad
· 14h ago
Chip structure analysis is much more reliable than guessing the top or bottom; first, hold and observe.
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SheepOnTheFarSideOfJupiter
· 14h ago
If 60k is really the bottom, wouldn't I be bleeding losses by selling now?
View OriginalReply0
LunaCircuit
· 14h ago
The term "supply exhaustion" sounds powerful; I hope this time is the same.
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MoonlightColdWallet
· 14h ago
If the bottom pattern of a bear market is really this accurate, analysts would have gotten rich early.
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0xTeaTime
· 15h ago
February 5, 2026, has already dropped to 60k; are you only mentioning it now?
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NotYourExit
· 15h ago
History does not simply repeat itself, but the chip structure is indeed worth referencing
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BridgeBurner
· 15h ago
60k bottom? Then brothers who are buying the dip now are basically guaranteed to win.
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SentimentIndicatorCollecting
· 15h ago
Murphy's data is quite interesting; 10.6 million tokens seem to be some kind of consensus threshold.
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