Logically speaking, with high interest rates, soaring U.S. Treasury yields, geopolitical conflicts, ETF outflows, and tight liquidity—factors that in past cycles would have likely caused BTC to crash even harder—this time, it hasn’t triggered a true panic sell-off. I don’t think this is necessarily the absolute bottom. It’s still possible for BTC to drop below $60K or even lower in the future. But I do believe this looks more like a mid-to-long-term bottom range rather than a specific bottom price. The reason is simple: those who really wanted to sell have mostly done so, while long-term funds, ETFs, corporate treasuries, and other institutional investors are steadily accumulating. The market’s cost basis has clearly shifted higher, and BTC’s bottom is gradually rising as institutions continue to enter. (Data from @Murphychen888: A single price of $63,000 has already accumulated 1.15 million BTC, which is an extremely rare phenomenon in history.) There’s no need to guess the absolute bottom. Instead, start building positions gradually within the bottom range. If it drops, keep buying; if it crashes, increase your position. Stretch your timeline to three to five years. Forget about catching the head or tail of the fish—focus on the body. The ones who truly make money are those who dare to buy bit by bit in the bottom range when others are panicking.