Bitcoin Price Watch: Power-Law Model Says $58K May Be a Normal BTC Low
Bitcoin’s slide to $58,000 lines up with a power-law model’s idea of a normal cycle low, even as futures market data suggests room for a deeper drop.
Bitcoin’s slide to $58,000 lines up with a power-law model’s idea of a normal cycle low, even as futures market data suggests room for a deeper drop.
Cboe is reportedly considering a change to its crypto derivatives lineup, with BTC and ETH continuous futures potentially being converted into perpetual futures as U.S. regulation and rival products evolve.
Bitcoin’s funding rate has climbed to a two-week high, signaling stronger trader optimism, but ETF outflows and macro risks may still slow any move toward $70,000.
Strategy has lifted its USD Reserve to $1.4 billion and added 520 Bitcoin, with the move funded by $335.5 million in MSTR share sales.
Bitcoin is being watched for signs of another bearish wipeout, but realized losses are still below the 2022 peak, according to Cointelegraph’s reporting. That has led some analysts to argue the market may not have found its final bottom yet.
BTC Prague returns to Prague on June 11-13, 2026, with 8,500 attendees expected, a new Bitcoin Living Masterclass track, and a week of side events for builders, investors, and the wider Bitcoin community.
Capital B added $15.2 million in Bitcoin to its treasury, bringing it to 220 BTC after one of only four corporate Bitcoin investment announcements so far in May.
Bitcoin exchange-traded funds saw $635 million in outflows on Wednesday, their largest single-day withdrawal since late January, as Bitcoin slipped back below $80,000.