Bitcoin Bottom Hunters Fear Fresh Pain After $1.3 Trillion Rout

Cryptocurrencies Bitcoin Bottom Hunters Fear Fresh Pain After $1.3 Trillion Rout Bitcoin’s collapse is forcing crypto veterans to confront the question every bear market eventually asks: when does mass panic create a buying opportunity? The answer, according to many of the investors and analysts who have lived through previous boom-and-bust cycles, is: not yet. While Bitcoin has fallen below $60,000 — more than 50% beneath last year’s record high — a growing number of market veterans say the cryptocurrency is entering the zone where previous crashes have ultimately bottomed. The catch is that those bottoms have historically taken months to form, with the deepest pessimism often arriving after valuations had already become attractive.