Overview
- Bitcoin trades near $66,000 after a six‑month slide from the October 2025 peak near $126,000 that now totals a 53% drop.
- On-chain cost maps show dense resistance above price, with new whales near $82,800 and the short‑term holder realized price at $86,900.
- A weekly close above about $70,100 would be an early sign of repair, though analysts say a decisive reclaim near $86,900 is the true reversal trigger.
- Support clusters sit lower at $58,900 for Binance deposit addresses and $55,900 for miner‑linked wallets, with a macro floor around $54,300.
- Market reads are mixed, as one analytics group flags long‑term holder and miner accumulation and OTC buying with $2.27 billion USDT moved off exchanges, while others warn the 200‑week EMA test and bearish patterns keep downside risk alive.