Analyst Predicts Bitcoin Bear Market Bottom at $60,000

Analyst Murphy has observed that during the bear market bottoms of February 2019 and January 2022, the number of Bitcoin (BTC) in loss was approximately 10.6 million. According to ChainCatcher, if the current bear market follows this pattern, the bottom price could be around $60,000. When the amount of BTC in circulation reaches a critical loss threshold, supply may become exhausted, making it difficult for prices to fall further. On February 5, 2026, when BTC fell to $60,000, the loss amount was nearly 9.93 million. If it returns to 10.6 million, the current BTC holding structure's loss amount may coincide with previous bear market bottoms.