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.
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.
Spot XRP ETFs have now posted nine straight days of net inflows, but the token still faces downside risk as traders weigh whether that demand is enough to offset selling pressure.