cryptoanalysis

We just watched Bitcoin lose nearly 50% of its value from the October 2025 peak of 126K.

Bitcoin has survived multiple 70–80% drawdowns. It has recovered to new all-time highs every cycle.
But structural shifts since 2024–2025 changed something fundamental:
The next expansion phase may not resemble 2017. It may not resemble 2021. Not because Bitcoin weakened. Because its ownership base evolved.
What Changed?
Three structural transformations reshaped Bitcoin:
➡️ Spot ETFs altered demand mechanics
➡️ Institutional capital became dominant
➡️ Bitcoin integrated into macro liquidity cycles
Bitcoin is no longer a retail-dominated reflexive trade. It is increasingly a liquidity-sensitive macro asset. That changes how cycles ignite, expand, and cool.
1️⃣ From Parabolic Mania to Capital Rotation
➡️Previous Cycles:
🔸️Retail-led FOMO🔸️Vertical price expansions
🔸️Blow-off tops 🔸️Deep resets
➡️Emerging Structure:
🔸️ETF-driven allocation
🔸️Gradual capital rotation
🔸️Portfolio rebalancing
🔸️Liquidity-dependent acceleration
Institutions don’t chase candles emotionally. They allocate when:
▫️Risk premiums compress
▫️Real yields fall
▫️Portfolio diversification improves
This suggests future expansions may be less vertical but more structurally sustained.
2️⃣ Volatility Isn’t Gone — It’s Evolving
Bitcoin still experiences 25–35% drawdowns even post-ETF. Institutions did not eliminate volatility. But the trajectory may shift over longer time horizons.
Instead of: Extreme blow-off → 80% collapse
We may see: Stair-step expansions. Multi-quarter consolidations. Shallower, longer drawdowns
Short-term volatility remains high. Long-term volatility may gradually decay as ownership broadens. That’s not compression. That’s maturation.
3️⃣ The Structural Ceiling: ETF Cost Basis
This did not exist in 2017. Large ETF inflows in 2025 clustered between $85K–100K.
That creates:
🔹️Defined cost-basis zones
🔹️Overhead supply
🔹️Rebalancing resistance

Institutional ETF holdings create structured supply mechanical layers that influence BTC price behavior.
When BTC rallies toward prior institutional entry zones:
• Breakeven sellers emerge
• Risk desks reduce exposure
• Momentum stalls
Bitcoin now has layers of capital that behave mechanically not emotionally. Future supercycles must absorb structured positioning, not just ignite hype.
4️⃣ What Makes the Next Cycle Structurally Different?

Older cycle shape:
🔸️Vertical expansion 🔸️Rapid exhaustion
🔸️Deep winter reset
Potential new cycle shape:
Liquidity shift → accumulation band
Breakout → rotation → consolidation
Re-acceleration → measured extension
Macro-driven cooling not full collapse
Instead of explosive one-year mania, we may see a multi-year staircase expansion.
🔹️Longer 🔹️More mechanical.
🔹️Less chaotic.
Still powerful but structurally layered.
5️⃣ What Actually Ignites the Next Expansion?
Structure alone doesn’t start cycles. Capital reallocation does. Three realistic ignition triggers:
➡️ A Clear Fed Pivot
If:
Real yields decline meaningfully
Rate cuts accelerate
Dollar weakens structurally
Liquidity expands.
Bitcoin historically responds disproportionately to liquidity regime shifts. Historically, Bitcoin’s strongest expansions coincided with periods of expanding global M2 and falling real yields.
➡️ Sovereign or Pension Allocation
If even one major sovereign wealth fund or pension system increases ETF exposure meaningfully:
The signaling effect alone could reprice risk, trigger institutional follow-through, pull sidelined capital forward. This is reflexivity at scale.

ETF inflows/outflows highlight institutional positioning liquidity, not hype, drives BTC cycles.
➡️ Dollar Regime Shift
A sustained breakdown in DXY or rapid global M2 expansion would reintroduce capital flows into scarce assets.
Bitcoin thrives in expanding liquidity environments. The next supercycle likely begins the moment liquidity structurally turns not when sentiment does. Not narratives. Liquidity.

Macro conditions falling real yields, DXY weakness, and M2 growth historically align with BTC expansions.
6️⃣ Retail Still Finishes the Move
No Bitcoin cycle completes without retail.
Institutions: Build the base.
Retail: Creates acceleration.
Signs retail has returned:
▫️Search spikes▫️App download surges
▫️Meme coin mania ▫️Mainstream euphoria

Retail activity historically accelerates BTC expansions search interest and app downloads often precede price surges.
Without retail, expansion is orderly. With retail, expansion becomes reflexive.
So… Will There Be Another Supercycle?
Likely. But it may not be louder.It may be:
🔸️Liquidity-triggered
🔸️Institutionally layered
🔸️Structurally absorbed
🔸️Retail-finished
Bitcoin is no longer early-stage speculation it’s now a liquidity-sensitive macro asset with built-in volatility.
And those waiting for a 2021-style vertical candle may miss a slower, stair-step repricing.
Final Thought
Bitcoin didn’t mature overnight. Its capital base did. The next expansion won’t start with hype. It will start with liquidity.
And the real question isn’t: “Will we see another supercycle?”
It’s: “Will we recognize it if it doesn’t look like the last one?”
Will the next BTC cycle be explosive, or a structural stair-step grind? Where do you see BTC: $150K, $200K, or beyond?
#BitcoinCycle #Bitcoin2026 #MacroCrypto #CryptoAnalysis

Two days ago, I mapped out the scenario after Bitcoin flushed from $97K down to the $60K region.
The plan was simple: let the panic exhaust itself, wait for price to tap into the 65–66K demand pocket, and position there.
The limit at $66K has now been filled.
Here’s what has changed and what hasn’t.
The Context: This Was a Liquidity Event
The move from $97K → $60K wasn’t random volatility. It was a structural unwind:
Multi-month leverage buildupCompressed volatilityKey HTF levels breakingForced liquidations accelerating downside

When price cascades that aggressively, it usually overshoots fair value and tags liquidity pools below obvious supports. That’s exactly what happened into the 65–66K zone.
This region aligns with:
Prior consolidation baseVisible liquidity clusterShort-term exhaustion moveFirst meaningful reaction demand since breakdown
That’s why bids were staged there.
Current Structure: Compression After Impulse
Right now, BTC is no longer in freefall.
Instead, we’re seeing:
Smaller-bodied candlesSlowing downside momentumLocal range development above 64KEarly absorption behavior
This is what stabilization looks like after a vertical move.
But stabilization ≠ reversal.
The market is deciding whether this becomes:
A relief rally within a broader correctionThe base for a rotation back toward prior breakdown levels
The Real Test: 80–83K Supply
Nothing structurally changes until Bitcoin reclaims the 80–83K zone.
That area is:
Former supportNow fresh supplyBreakdown originPsychological reclaim level
If BTC pushes into that region and gets rejected aggressively, then this entire move becomes a textbook lower high in a developing corrective phase.
If, however, price:
Accepts above 80KBuilds volumeHolds above reclaimed support
Then the narrative shifts from “relief rally” to “structural reset completed.”
Risk Management & Invalidation
The reason for entering 66K wasn’t hope it was asymmetric positioning.
Invalidation remains clear:
Sustained acceptance below the 64K sweep zone opens the door for deeper downside expansion.
As long as price holds above that liquidity grab, the probability favors a rotational bounce before any further expansion.
What This Is Not
This is not blind bottom calling. This is not emotional dip buying.
This is positioning at exhaustion after a 35–40% drawdown into a predefined demand zone with a defined risk model.
There’s a difference.
Bigger Picture
After aggressive deleveraging events:
First move = liquidation cascadeSecond move = reflexive bounceThird move = real direction decision
We are transitioning between phase one and phase two.
The market doesn’t reward certainty right now.
It rewards discipline.
Bitcoin just had one of the sharpest resets of the cycle.
The $66K fill was execution.
Now the market decides whether it was a bounce entry or the start of a larger structural rebuild.
Next key objective: 80–83K reaction.
That’s where the real verdict will be printed.
#BTC #Bitcoin #CryptoAnalysis $BTC

After closely monitoring recent market movements, we notice that the king of cryptocurrencies $BTC is approaching a critical reversal zone. As shown in the attached chart, the price is respecting the current support line with a noticeable increase in trading volume.

Current trend analysis:
Resistance: We are facing pressure at levels close to the previous peak.

Hello, family! I have seen that some are asking for shorts for $CLO after the pullback from $0.12. But be careful: my 1H charts show that we are bouncing precisely at the EMA 200, a vital psychological and technical support. The heat map is still lit above, indicating that the whales have targets at $0.11. We operate with data, not fear!
Strategy:
Entry: $0.090 - $0.092.
Confirmation: A hammer candle in 15m above $0.090 that confirms the rejection to continue falling.