BTC Loss Data Shows 10.6M Coin Pattern at Bear Market Bottoms; Current Cycle Suggests $60K Floor

BTC-3.43%
According to analyst Murphy, Bitcoin's loss volume hit 10.6 million coins at bear market bottoms in February 2019 and January 2022. If the current cycle follows this pattern, the corresponding bottom price would be around $60,000. On February 5, 2026, BTC dropped to $60,000 with loss volume near 9.93 million coins; if it returns to that level, the total realized loss could reach 10.6 million coins, potentially marking the bear market bottom.
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