[K33: Bitcoin May Have Bottomed Out, Entering a Consolidation Phase Between $60,000 and $75,000] BlockBeats News, February 11, according to The Block, K33 stated that Bitcoin's drop to $60,000 last week may signify a local bottom. This round of sell-off exhibited 'capitulation-like conditions' across the spot, ETF, and derivatives markets, including extreme levels in trading volume, funding rates, and options skew. Some indicators show that Bitcoin's daily RSI fell to 15.9, marking the sixth-lowest level since 2015, only behind March 2020 and November 2018. The Crypto Fear & Greed Index dropped to 6, the second-lowest point in history. K33 believes Bitcoin may enter a consolidation phase between $60,000 and $75,000 next, with the possibility of support retests, but the risk of significant downside below recent lows is limited.