- Bitcoin stalls near $67,000 after partially recovering from its all-time highs.
- On-chain data shows that half of BTC has suffered losses, suggesting market fatigue.
- The analyst warns that a deeper correction is possible, with a bottom around $45,000.
Bitcoin’s latest recovery attempt stalled just below $70,000, with the cryptocurrency falling to around $67,250 as of press time.
The decline comes as the broader cryptocurrency market struggles to maintain upward momentum after months of volatility.
Bitcoin (BTC) has now regained almost half of its value after hitting an all-time high of $126,080 in October 2025.
All eyes are now on the cryptocurrency as it appears to have consolidated around $67,000 after a steep decline.
Analyst Willy Woo warns of further downside.
Renowned on-chain analyst Willy Woo predicted a significant price correction. Following the recent bounce.
He estimates that the bottom of the bear market could be around $45,000, with more extreme scenarios potentially testing $30,000 or lower.
Woo’s warning stems from reduced liquidity in spot and derivatives markets, which has historically reduced the strength of rallies.
He suggested that Bitcoin could briefly rise to the mid-$70,000 range before facing new downward pressure.
On-chain signals suggest market fatigue.
On-chain indicators suggest that Bitcoin may be entering the later stages of a bear market cycle rather than the early stages.
According to the latest weekly report from on-chain analytics firm Glassnode, nearly half of all BTC in circulation, or nearly 9.2 million coins, are currently at loss.
Historically, these levels indicate significant selling pressure and potential capitulation, but the pace of accumulation by long-term holders suggests the market is starting to stabilize.
Some analysts see this pattern as a sign that the Bitcoin price may be nearing a bottom rather than the beginning of a long-term decline.
The balance between profit-holders and loss-holders is an important gauge of market sentiment, showing that while near-term volatility remains high, there is fundamental support at current levels.
Bitcoin ETF Inflows Show Cautious Optimism
Institutional investors have recently jumped back into the market, with Bitcoin ETFs seeing net inflows of more than $1 billion in a few days.
This trend follows a period of withdrawals totaling $3 billion and suggests some investors are seeing current prices as a buying opportunity.
Spot ETFs, in particular, are gaining attention from long-term investors seeking regulated exposure to Bitcoin.
The renewed interest shows confidence in the asset’s long-term prospects despite the decline from all-time highs.
However, inflows do not guarantee sustained upward momentum.
Short-term technical indicators suggest that Bitcoin is trading near the top of a tight consolidation range between $67,000 and $68,000, a break above which could spark a rally even if the price falls back below $63,000.