[K33: Bitcoin Selling Pressure Shows 'Capitulation' Extreme Signal, May Enter $60,000-$75,000 Consolidation Phase] Deep Tide TechFlow reports that on February 11, according to The Block, K33 stated in its latest report that Bitcoin's drop near $60,000 last week might signify a local bottom. This round of selling exhibited 'capitulation conditions' across spot, ETF, and derivatives markets, with trading volume, funding rates, and options skew reaching extreme levels. Some indicators show that Bitcoin's daily RSI fell to 15.9, the sixth-lowest level since 2015, only surpassed by March 2020 and November 2018. The Crypto Fear & Greed Index dropped to 6, the second-lowest point in history. K33 believes Bitcoin may next enter a consolidation phase in the $60,000 to $75,000 range, with reduced activity and potential support retests, but the risk of significant downside below recent lows is limited.