Analyst: PSIP below 50% is usually the bear market bottom zone, $62K might be a reference for Bitcoin's bear bottom. According to analyst Murphy, the Percentage of Supply in Profit (PSIP) for BTC dropped below the 65% 'boom-bust line' on November 22-23, indicating a rather risky market sentiment. Currently, PSIP has rebounded to 67.6%, but it remains in 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 zone. Previous predictions suggested BTC would need to drop below $59K to reach this level, but the latest estimate has been adjusted to below $62K. Analysts believe BTC below $62K could be a high-value entry opportunity, but patience is still required to wait for market changes.