[Murphy: PSIP below 50% is usually the bear market bottom area, $62,000 may serve as a reference for Bitcoin's bear market bottom] According to analyst Murphy's analysis, the Percentage of Supply in Profit (PSIP) for BTC fell below the 65% 'boom-bust line' on November 22-23, indicating that market sentiment was relatively dangerous. Currently, PSIP has rebounded to 67.6%, but it remains within the critical range of 65%-70%. A move upward could restore confidence, while a move downward might trigger panic. Historical data shows that when PSIP falls below 50%, it is usually the bear market bottom area. Previous predictions suggested BTC would need to drop below $59,000 to reach this level, but the latest estimate has been adjusted to below $62,000. Analysts believe that BTC below $62,000 could represent a high-value investment opportunity, but patience is still required to wait for market changes. Related reading: Trading Moment: FOMC decision imminent, Bitcoin's $91,500 becomes key support, Ethereum targets the $3,500 threshold.