Nick Ruck, director of LVRG Research, said the $50,000 level was being eyed as the last major buying opportunity before any real recovery could take hold. A drop to that price, he said, would represent a “healthy cycle reset” given the pressure from broader economic forces and weak movement of capital into crypto.
But Ruck also raised a point that separates this downturn from past ones: Bitcoin is already down roughly 40% from its record high, and this time around, large institutions are involved in ways they simply weren’t before.
That changes the math. Prior crashes were driven mostly by retail traders — ordinary people buying and panic-selling. Institutional money behaves differently, and consistent buying pressure from that side of the market may be putting a floor under prices that didn’t exist in earlier cycles.
“There is a chance this cycle might not reach an idealized 60% drawdown,” Ruck said, pointing to what he called a distinctively macro-structured market environment.
Bitcoin: the big flush…
I don’t think we’ve had it yet I don’t think $60,000 was the bottom You can pray for it of course 
but it won’t help
Trend is still down The few % bounces are tiny if you zoom out I will reconsider this stance in case bull strength returns It’s just…
THREE PHASES. BITCOIN ABOUT TO ENTERTHE SECOND.
Accumulation: done. Manipulation: loading. Distribution: $150K. Pending.
$70K is the decision.
Hold it: manipulation is short. Lose it: $50K first.
Geopolitical Tensions Drive SwingsCrypto prices don’t move in a vacuum. A temporary ceasefire between the US and Iran sent Bitcoin briefly above $75,000 — the kind of jump that happens when fear lifts, even for a moment.
US President Donald Trump announced the two-week pause in hostilities, and markets responded quickly. But the relief didn’t last.
BTC STILL LOOKS SUPER BEARISH HTF
Weekly short imbalances were filled and rn we can only go to 1M imbalance, which is ~$80K
Right after it, I am waiting for a final huge dump to one of my targets:
$59K or $50K
Either way last dump is coming
Analysts Split On What Comes NextOne analyst posting under the name “symbiote” called the chart “super bearish” on longer time frames, saying a final large drop to either $59,000 or $50,000 was still coming. Others are less certain the floor hasn’t already been set.
Bitcoin touched a low of around $66,000 in early April before recovering. Whether that low holds — or whether the market has another leg down before it finds real footing — remains an open question that even the most watched voices in crypto can’t agree on.
Featured image from Unsplash, chart from TradingView
