Where to look for the 'concrete floor'?
The first stop — $68,000: This is a critical point, the 200-week average. If the 'Folder' doesn't hold it, panic may intensify.
Deep support — $60,000: Many analysts (including Bernstein) believe that the real 'reset' of the market will happen right here.
What On-chain data says (Behind-the-scenes summary):
A void in the order book: On-chain analysts (for example, from Galaxy) have noticed a 'hole' in ownership between $70,000 and $82,000. This means that there are almost no large buyers in this range who could stop the decline. We are literally plunging through a vacuum right now.
Orders at $50,000: You are absolutely right! Powerful 'walls' and limit orders are being recorded in the order books of major exchanges (Binance, Coinbase) specifically in the range of $50,000 – $52,000. Major players have placed 'buckets' there, anticipating the worst-case scenario — a decline of 60–70% from the historical maximum ($126k).
So much data, and it is still unknown where the stop will be? Buckle up, it will shake like in a centrifuge.
#BTC #Bitcoin❗ #BinanceSquareFamily
