The Bitcoin price is currently trading under immense bearish pressure, and the 
downtrend might not yet be over. Bitcoin has now broken below $70,000 and has 
extended its decline below $65,000. This price action is part of an extended 
corrective phase that began after Bitcoin topped out at $126,000 in October 
2025, and crypto participants have different outlooks as to when the 
correction will reach a bottom. Amid the uncertainty, an outlook from a crypto 
analyst known as Sherlock is gaining traction on X, as it points to historical 
market bottoms that suggest Bitcoin may still be headed significantly lower. 
Past Drawdowns Show A Clear Pattern Across Bitcoin Cycles Sherlock’s analysis 
focuses on how deep Bitcoin has fallen during past bear markets and how those 
declines have changed as the asset has matured over the years. According to 
the data he highlighted, Bitcoin’s 2011 cycle saw a drawdown of about 93% from 
peak to trough. This is the highest correction for the Bitcoin price to date. 
That figure reduced to about 86% in 2015, then to 84% in 2018, and further to 
around 77% during the 2022 bear market. Related Reading: One Month In And 10% 
Of Dogecoin Millionaires Have Already Disappeared In 2026 – Details The 
consistent takeaway from these cycles is that each successive drawdown has 
been smaller than the last. This isn&#8217;t surprising, as Bitcoin and the entire 
crypto market have been growing in size, liquidity, and participation over 
time. Using that trend as a guide, the next major bottom correction should 
continue this progression. The projection is that the correction should drop 
from 77% in the 2022 bear market to 70% in the current price action. If the 
drawdown compresses to about 70% in the current cycle, measured from the 
$126,000 all-time high, then the bottom would land around the $38,000 region. 
Dismissing Higher Bottom Targets Like $69,000 And $50,000 The projection by 
Sherlock received a lot of views and comments on X, with some market 
participants noting that reflexivity and increased institutional involvement 
should reduce downside risk this time around. One notable response suggested 
that when comparing prior bottom-to-top moves against top-to-bottom declines, 
Bitcoin’s next drawdown should be closer to 55% or 60%, instead of 70%. 
Sherlock pushed back on that view by noting how reflexivity can amplify 
downside moves just as easily as it causes rallies. &#8220;Good luck buying your 
bottom at $69,000, $60,000 and $50,000,&#8221; he said. Related Reading: Why The 
Bitcoin Price Could Quickly Revisit $81,000 Again After The Crash For the time 
being, Bitcoin is caught between aggressive sell-offs and growing concern that 
the larger corrective phase is not complete. At the time of writing, Bitcoin 
is trading at $64,850, having rebounded from an intraday low of $60,255, 
according to data from CoinGecko. The recent price action means Bitcoin is 
back to trading at its lowest levels since October 2024. If Bitcoin were to 
revisit the $38,000 area, it would represent a return to price levels last 
seen during the early stages of the bull market. The last time Bitcoin traded 
around $38,000 was in October 2023. Featured image created with Dall.E, chart 
from Tradingview.com

Previous Market Bottoms Suggest Bitcoin Price Is Headed To $38,000

What to Know: BlackRock’s IBIT reaching $10B in volume signals a massive 
transfer of Bitcoin from retail hands to institutional holders, likely marking 
a market pivot. The concentration of wealth in digital assets increases the 
urgency for protection against &#8216;Harvest Now, Decrypt Later&#8217; quantum threats. 
BMIC addresses this vulnerability with a quantum-secure stack and has already 
raised over $433K in its presale phase. The future of DeFi custody will likely 
pivot toward &#8216;zero public-key exposure&#8217; models as standard encryption methods 
face obsolescence. BlackRock’s iShares Bitcoin Trust (IBIT) has once again 
obliterated expectations, clocking a staggering $10B in daily trading volume 
according to Nasdaq data. This isn’t just a number on a ledger; it’s a 
liquidity event that rivals major tech stocks and signals a massive structural 
shift. When volume spikes to this magnitude without a corresponding price 
collapse, traders call it a &#8216;handshake&#8217; moment, exhausted retail sellers 
handing their bags to high-conviction institutional accumulators. That volume 
suggests Bitcoin has graduated from a speculative risk asset to a foundational 
macro hedge. But here’s the rub: as trillions of dollars migrate onto the 
blockchain through centralized issuers like BlackRock, the &#8216;honey pot&#8217; for 
attackers grows exponentially. The current cryptographic standards protecting 
these assets, Elliptic Curve Cryptography (ECC), are robust today, but they 
face a hard deadline against the advancement of quantum computing. Smart money 
isn&#8217;t just asking &#8216;How high can Bitcoin go?&#8217; anymore. They&#8217;re asking, &#8216;How 
safe is this value in a post-quantum world?&#8217; The market’s obsession with spot 
ETFs often overlooks the infrastructure risks buried in legacy wallet 
encryption. Into this gap steps BMIC ($BMIC), a project positioning itself to 
neutralize the &#8216;harvest now, decrypt later&#8217; threat before the quantum 
supremacy timeline accelerates. Institutional Custody Meets The Quantum Threat 
The record-breaking volume in IBIT underscores a critical reality: wealth is 
digitizing faster than security protocols are evolving. While ETFs solve the 
access problem, they centralize risk. The &#8216;Harvest Now, Decrypt Later&#8217; (HNDL) 
vector isn&#8217;t science fiction; it’s an active strategy used by nation-state 
actors collecting encrypted data today to crack it once quantum power matures. 
For the average retail trader, this might feel distant. For the enterprise- 
grade capital entering via BlackRock? It’s an immediate strategic liability. 
BMIC enters this landscape not merely as a wallet provider, but as a 
comprehensive countermeasure to public key exposure. Traditional wallets 
reveal your public key the moment a transaction is signed, leaving a 
breadcrumb trail for future quantum algorithms. BMIC’s architecture uses a 
&#8216;Quantum Meta-Cloud&#8217; and AI-enhanced threat detection to keep those keys 
invisible. It fundamentally changes the custody model. Instead of crossing 
your fingers that legacy encryption holds, the protocol introduces a Full 
Quantum-Secure Finance Stack. By leveraging ERC-4337 Smart Accounts, the 
platform abstracts away the headache of seed phrases while hardening the 
cryptographic shell. It suggests a future where high-value transactions, 
whether from a retail user or an institutional desk, require a layer of 
defense that anticipates computational breakthroughs rather than reacting to 
them. EXPLORE BMIC AND ITS QUANTUM STACK BMIC Presale Signals Appetite For 
Post-Quantum DeFi While the broader market fixates on ETF flows and daily 
candle closes, a quiet rotation is happening in the presale sector toward 
infrastructure plays. BMIC is currently in its early funding stages. Its $BMIC 
token has raised over $433K. Despite being in a nascent phase, this capital 
influx points to a growing awareness among early adopters that security is the 
next major narrative. The token is currently priced at $0.049474, a figure 
that places it firmly in the micro-cap entry zone relative to established 
security tokens. Unlike meme coins driven by social hype, this valuation 
reflects a bet on utility, specifically, the utility of survival. The 
project’s value proposition extends beyond simple storage; it includes &#8216;Burn- 
to-Compute&#8217; mechanics and quantum-secure staking options that allow users to 
earn yield without exposing their private keys to the network. Investors are 
likely eyeing the disconnect between Bitcoin&#8217;s trillion-dollar market cap and 
the aging cryptography securing it. As the ecosystem matures, protocols 
offering seamless migration to post-quantum standards will likely command a 
premium. The presale data indicates that while the masses chase green candles, 
a savvy subset of the market is positioning for the infrastructure that keeps 
those candles lit. BUY $BMIC ON ITS PRESALE PAGE The content provided in this 
article is for informational purposes only and does not constitute financial 
advice. Cryptocurrency investments, including presales, carry inherent risks. 
Always perform your own due diligence before making investment decisions.

BlackRock’s IBIT Shatters Volume Records as $BMIC Targets Quantum Security Shift

CZ says Binance is working with governments to launch local-currency 
stablecoins, widening stablecoin options beyond dollar-pegged tokens. Binance 
founder Changpeng Zhao announced the cryptocurrency exchange is collaborating 
with multiple countries on issuing stablecoins pegged to local currencies, 
according to a…

CZ lists a number of non-dollar stablecoins as Binance backs national currencies

What to Know: Bitcoin executed a &#8216;whipsaw&#8217; recovery, reclaiming $65K after 
volatility in the Asian trading session flushed leveraged positions. The 
market structure has improved, with spot buying absorbing the dip and open 
interest resetting to healthier levels. Bitcoin Hyper is capitalizing on the 
renewed bullish sentiment, raising over $31M by offering Solana-speed 
execution on a Bitcoin Layer 2. Whale activity has intensified around the 
infrastructure play, with significant accumulations signaling smart money 
interest in BTC scaling. Bitcoin has reclaimed the psychological $65k level, 
executing a sharp V-shaped recovery following a brutal Asian trading session 
that flushed millions in leverage. This &#8216;Asia whipsaw,&#8217; where Eastern 
volatility gets bought up by Western spot demand, has once again reset open 
interest. Frankly, the flush was necessary. It potentially clears the path for 
a more sustained move higher without the weight of over-leveraged longs. The 
price action suggests a structural shift. While the dip below $60K terrified 
retail traders, on-chain data shows long-term holders absorbed the selling 
pressure, effectively transferring coins from weak hands to strong. Why is 
that important? High-leverage flushes usually precede healthy, spot-driven 
rallies. Now that the derivatives market has cooled off and funding rates have 
normalized, the focus is shifting from pure speculation to the utility 
justifying these valuations. As liquidity returns, capital is starting to 
rotate into high-beta infrastructure plays addressing Bitcoin’s scaling 
limitations. The narrative is evolving from &#8216;digital gold&#8217; to &#8216;programmable 
capital.&#8217; While Bitcoin provides settlement assurance, new protocols are vying 
to provide speed. Leading this charge is Bitcoin Hyper ($HYPER), a project 
gaining traction for integrating Solana-speed architecture directly atop the 
Bitcoin network. Bitcoin Hyper Brings SVM Speed To The OG Blockchain The 
primary bottleneck for Bitcoin adoption in DeFi has always been the network&#8217;s 
inherent trade-off: unmatched security comes at the cost of slow block times. 
Bitcoin Hyper addresses this by implementing the first-ever Bitcoin Layer 2 
with Solana Virtual Machine (SVM) integration. That creates a high-performance 
environment capable of handling high-frequency trading and complex smart 
contracts (without congesting the main chain). Unlike earlier scaling 
solutions relying on slower environments, Bitcoin Hyper uses a modular 
architecture. It uses Bitcoin L1 strictly for settlement and state anchoring, 
while the SVM-based L2 handles execution. This allows for low-latency 
processing and negligible fees, mirroring Solana&#8217;s user experience while 
keeping Bitcoin&#8217;s security. Plus, the inclusion of Rust support means 
developers can port existing dApps to the Bitcoin ecosystem with minimal 
friction. The protocol also features a decentralized Canonical Bridge that 
addresses the fragmentation issue plaguing other L2s. By enabling seamless 
$BTC transfers and modifying SPL-compatible tokens for the L2 environment, the 
project positions itself as the backbone for a new wave of Bitcoin-native 
gaming. EXPLORE THE OFFICIAL $HYPER PRESALE Whales Accumulate $1M As Presale 
Crosses Major Milestone Smart money appears to be positioning itself ahead of 
the mainnet launch. According to the official presale page, Bitcoin Hyper has 
raised over $31M, a figure highlighting the appetite for Bitcoin scaling. With 
the token currently priced at $0.0136752, the valuation indicates upside 
potential relative to established competitors like Stacks. On-chain analysis 
reveals high-net-worth individuals are taking notice. Specifically, Etherscan 
data shows whales have been scooping up $HYPER to the sum of over $1M, with 
the largest transaction hitting $500K. Does this matter? Usually, this 
accumulation pattern signals confidence from sophisticated actors looking 
beyond short-term volatility. The combination of retail raises and specific 
whale targeting suggests a broad base of support. Beyond capital inflows, the 
project&#8217;s staking mechanics drive retention. Bitcoin Hyper offers high APY 
opportunities with immediate staking available post-TGE (Token Generation 
Event). A 7-day vesting period for presale stakers ensures stability, while 
rewards are weighted toward governance participation. This incentivizes long- 
term holding over mercenary capital, aligning user interests with the 
network&#8217;s security. In an industry that isn&#8217;t known for its security, any form 
of help is appreciated. VISIT THE $HYPER PRESALE NOW This article is for 
informational purposes only and does not constitute financial advice. 
Cryptocurrencies are highly volatile assets, and presale investments carry 
significant risks, including the potential for total loss. Always conduct your 
own due diligence before deploying capital.

Bitcoin Surges Back Above $65K Following Asia Whipsaw As $HYPER Gains Momentum

Top AI-focused cryptos like TAO, NEAR, ICP, and RENDER faced losses surpassing 
20% as investor demand in the sector fell amid concerns surrounding Big Tech&#8217;s 
growing bets on AI infrastructure. According to data from CoinGecko, Bittensor 
(TAO), the largest AI-focused…

Cryptocurrency price in MMK