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BTC at 60k still isn’t the bottom.
The reason is simple—there’s no chance of anyone having missed out.
Up above, a pile of people are trapped and waiting to break free; every rebound is their chance to sell.
The best reference from the last bear market: Saylor’s cost basis was around 30k, the market then dropped straight to 16k—halved, and then halved again from the peak.
Saylor’s cost basis is higher now, and the overhead supply is heavier.
The bottom isn’t a price—it’s sentiment. The moment when everyone no longer wants to talk about Bitcoin hasn’t arrived yet.