The consensus around Bitcoin at $60k is still very strong; short sellers close positions here, and long buyers bottom fish here as well. But if this bear market makes $60k the bottom, there won't really be much to play in the next cycle. At $60k, this price level is not attractive to large capital. Institutions like MicroStrategy only buy and refuse to pump the price. In simple terms, they hold the line around $60k to prevent a drop, but they can't push it higher either. It's just a prolonged period of consolidation, giving the impression of bottoming out. If the price doesn't drop, other institutions can't get in, and the market will keep oscillating like this, eventually turning the entire crypto space into a stagnant pool.

Personally, I think $40k to $50k is a more suitable range for this bear market. If the bear market is brutal enough to drop to around $30k, or even briefly break below $30k, that would be ideal. Then the next bull market would be another spectacular blockchain revolution. #0成本拿2股SK海力士