This round has fallen over 50% from the high point, with the price dropping below the mining production cost line. Inefficient miners are being cleared out, and selling pressure has significantly diminished. Historically, after breaking below the cost line, a moderate rebound is highly probable. Meanwhile, whales and smart money are quietly accumulating, with large addresses continuously increasing their holdings. The chips are consolidating among core holders, solidifying the bottom with strength—just completing a pullback to wash out weak hands and buy low.

History repeatedly proves: after a deep correction, a stronger rally is inevitable. The current adjustment's magnitude and duration fully align with cyclical patterns, and it is not a trend reversal but the final shakeout before a bull market begins. Every panic sell-off is building energy for a subsequent breakthrough to new highs. The current low levels are an excellent opportunity for strategic positioning.

On the weekly chart, the asset has entered an extremely oversold zone, with selling momentum exhausted. The support at the 60,000 level has been repeatedly confirmed, and signs of stabilization are clear. After a short-term consolidation and shakeout, the bulls are ready to surge at any moment.
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