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#CryptoMarketPullback
Price – Bitcoin Nears $60,000, Eyeing Its Largest Drop Since FTX
Hey friends, what a wild ride – Bitcoin just touched near $60,000 yesterday, marking one of the steepest single-day drops since the FTX crash in 2022. From October 2025 highs above $126k, that's over 50% wipeout in months, with yesterday's plunge erasing billions in market cap and triggering cascade liquidations.
Why now? Leverage flush, ETF outflows (hundreds of millions daily), miner selling, macro risk-off (high rates, liquidity squeeze), and broader assets tanking together. But look at today – BTC already rebounding hard toward $70k+ after that low. Classic capitulation pattern: oversold, fear maxed, then bounce.
Is $60k the floor, or are we testing $50-55k next? I think $54k-60k is strong accumulation zone if it retests – history loves these fear-driven dips for entries. You holding through or adding on weakness? Share your price targets! 📉➡️📈 #GateSquareDaily #BTC #BitcoinDip