📉 Bitcoin: Has a local bottom formed at $60,000?$BTC

Analysts #K33 Research are recording signs of mass capitulation in the spot, ETF, and derivatives markets.

Key market signals:

• 🔊 Trading volumes — at the 95th percentile (extreme values).

• 💸 Funding has fallen to levels seen during the banking crisis of March 2023.

• 🧮 The options skew has returned to levels of 2022.

• 📊 Momentum indicators suggest deep oversold conditions.

• ⚠️ Daily RSI = 15.9 — the 6th lowest level since 2015.

👉 Historically, such conditions have often preceded the formation of a bottom.

BTC

66,328.43

-1.29%