Bitcoin crashed into the low $60Ks — and fear exploded.
Now a top on-chain analyst says the tide may be turning.
🔥 Here’s the Shock
Panic selling just hit levels not seen since the 2022 bottom.
Around $1.5 billion per day in realized losses.
ETFs saw $7.5 billion in outflows.
Most recent buyers got crushed.
This is classic capitulation.
🎯 The Big Call
James “Checkmate” Check says:
There’s about a 60% chance the bottom is already in.
But only a 15–20% chance of a new all-time high in 2026 without a major economic shift.
His view?
If Bitcoin isn’t going to zero, this zone looks like serious value.
⚠️ Reality Check
Bottoms don’t happen in one candle.
Expect:
Sharp fake drops
Boring sideways action
Lingering fear
That’s how markets reset.
📍 Current Price
Bitcoin: $67,788
Bottom Line
The panic phase may be ending.
The odds of a floor are rising.
But don’t expect fireworks overnight.
