The Bitcoin price crash toward $60,000 has sparked debate across the crypto 
market, but recent analysis from BitQuant&#8217;s market experts explains why this 
move was inevitable and necessary. According to the firm, BTC’s sharp decline 
is not the result of widespread panic or manipulation but rather a natural 
development in its market structure. The firm explained that the recent local 
top, which exceeded $126,000, fell short of the expectations needed for 
healthy growth in the Bitcoin price. Early Top And Market Liquidation 
Disrupted Bitcoin Price Structure In a lengthy post on X, BitQuant reported 
that its local top for Bitcoin was initially set at $145,000, but this was 
never reached, leaving the cryptocurrency above $126,000 earlier in October 
2025. According to the firm, this earlier-than-expected peak caused a 
structural failure that prevented the Bitcoin market from building a solid 
foundation for continued price gains. Related Reading: Popular Tesla Investor 
Shares The Major Problem After Bitcoin Fell Below $70,000 On October 10, 
during the devastating liquidation event, BitQuant noted that a technical 
issue at Binance had triggered a sudden drop in BTC, from approximately 
$120,000 to $105,000, adding volatility to its already fragile setup. While 
some may interpret this Binance issue as manipulation, the crypto company 
stressed that such events are common in markets, especially in Bitcoin 
markets. The firm also added that the liquidation and technical error were not 
significant enough to justify the entire downside that followed. BitQuant 
highlighted that the key point is that Bitcoin’s early price top disrupted its 
natural cycle of distribution and correction, which normally would have 
allowed its price to consolidate before attempting higher levels. Without a 
strong base, the market could not sustain strong bullish momentum, creating 
the bearish conditions that fueled BTC’s retracement toward the $60,000- 
$62,000 region. In a clean, structural scenario, the company stated that 
Bitcoin should have reached $145,000, distributed there, experienced a 
correction of about 25-30%, and then built a strong base before the next price 
expansion. New Structure Sets Stage For Future Expansion Although BitQuant has 
highlighted flaws in Bitcoin’s current market structure, the firm stated that 
the cryptocurrency has already established a new setup following its decline 
toward $60,000. The company noted that this updated price structure now 
supports a continuation toward BTC’s next expansion phase. Related Reading: Is 
Bitcoin A Better Investment Than Gold? Finance Expert Shares Deep Insights 
BitQuant further clarified that this is not the start of a new market cycle, 
but rather a continuation of the cycle that began around $16,000. The firm 
emphasized that the market’s performance and success in the coming months will 
depend on whether traders and investors view the next move as a new cycle or a 
progression of the current one. Although Bitcoin’s decline toward $60,000 
shook the market, the cryptocurrency has since recovered slightly and is 
trading back above $67,000 at the time of writing. Featured image from 
Pixabay, chart from Tradingview.com

Why The Bitcoin Price Crash Toward $60,000 Was “Necessary”

Coinbase’s fourth-quarter earnings missed Wall Street expectations, with the 
crypto exchange reporting its first net loss since the third quarter of 2023.

Coinbase misses Q4 earnings with $667M loss as crypto markets fell

Bitcoin (BTC) resumed its downward trajectory on Thursday, falling toward 
$65,645 at the time of writing after once again failing to break through the 
major $70,000 resistance level. The pullback in the leading cryptocurrency has 
rippled across the broader digital asset market, with large-cap tokens, 
including Ethereum (ETH), XRP, and Solana (SOL), posting similar declines. US 
Recession Signals And Potential Shutdown Market expert Ash Crypto attributed 
the latest selloff to two primary forces: deteriorating US economic data and 
the rising likelihood of a federal government shutdown. Related Reading: Is 
Bitcoin Already Pricing A US Recession? Analyst Sees Major Risk‑Reward Setup 
In a post published on X, he pointed to a series of weak macroeconomic 
indicators that have raised fresh concerns about the strength of the American 
economy. US home sales declined by 8.4% last month, marking the sharpest drop 
in nearly four years. At the same time, initial jobless claims came in higher 
than expected, signaling potential softness in the labor market. Taken 
together, these developments suggest the economy may be losing momentum, 
increasing the risk of a recessionary environment. Compounding those concerns 
is the growing threat of a government shutdown. According to Ash, the 
probability of a shutdown occurring this week has surged to 96%. Such an event 
would likely weigh on both traditional financial markets and cryptocurrencies 
by tightening liquidity conditions. He argued that the US economy is entering 
a period of turbulence that is already affecting equities, Bitcoin, and the 
broader digital asset market. In his view, market weakness could persist until 
there is a positive catalyst, such as a new trade agreement announced by 
President Donald Trump or a liquidity injection. Bitcoin At Risk? Technical 
analyst Crypto Rover shared similar concerns, warning that the &#8220;biggest threat 
to markets&#8221; has returned. He described the potential government shutdown as a 
serious liquidity hazard for financial markets. An additional complicating 
factor is the recent increase in the US debt ceiling to $41.1 trillion. While 
raising the ceiling prevents an immediate default, it also gives lawmakers 
more room to prolong negotiations without instantly halting government 
functions. According to Rover, this flexibility paradoxically raises the risk 
of an extended shutdown because neither side faces immediate financial 
pressure to concede. Related Reading: UNI Rallies 10% As BlackRock Brings 
Treasury‑Backed BUIDL Token To Uniswap The analyst also pointed to weakening 
labor market conditions, slowing retail spending, and rising corporate 
bankruptcies as evidence that the economic backdrop is deteriorating. 
Ultimately, should a new shutdown materialize and persist for a longer period, 
the analyst warns that the liquidity drain could be significantly larger, 
intensifying pressure on both equities and cryptocurrencies like Bitcoin. 
Featured image from OpenArt, chart from TradingView.com

Bitcoin Back At $65,000 — The Two Main Reasons Behind Today’s Market Crash

A new report from Grayscale argues that while bitcoin retains the design 
features of a long-term store of value, its recent price action has looked far 
more like a growth stock than digital gold. Grayscale Report Says Bitcoin 
Moves in Lockstep With High-EV Software Stocks Bitcoin’s price slid to roughly 
$60,000 on Feb. 5, marking […]

Is Bitcoin Digital Gold or Growth Asset? Grayscale Weighs In

Bitcoin appears trapped within a capitulation zone where long-term holders 
continue to sell, and bearish onchain metrics hint at further downside. Will a 
drop to $40,000 mark the final price bottom?

Cryptocurrency price in CLP