A strong case for BTC having bottomed
BTC sees second straight double-digit weekly drop, but a rare cluster of extreme outliers points to a high-probability bottom. With indicators at depths of 2018, 2020 and 2022 lows, we brace for stagnant consolidation in the $60k–$75k range.
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A strong case for BTC having bottomedBitcoin has logged its second straight double-digit weekly drop, down 13% since last Tuesday, and the latest move has been defined by an unusually dense cluster of extreme outliers. These include 95th percentile trade volumes, funding rates collapsing to levels last seen during the March 2023 U.S. banking crisis, and options skews rising to levels only seen during the most intense market stress in 2022. Together, these signals suggest capitulation-like conditions across spot, ETFs, and derivatives.After persistent selling since January 20, BTC’s daily RSI fell to 15.9, the sixth most oversold reading since 2015, with only March 12, 2020 and mid-November 2018 printing lower levels. Those prior episo
