Analysis: In the previous two bear market bottoms, the number of BTC losses was 10.6 million coins, corresponding to a price of 60,000 USD in this round

Analyst Murphy stated that during the two bear market bottoms in February 2019 and January 2022, the number of BTC losses was 10.6 million coins. If this pattern continues in the current bear market, the corresponding bottom price would be around $60,000. Whenever the amount of BTC losses in circulation reaches a certain critical value, the supply side may become exhausted, making it difficult for the price to continue to decline. On February 5, 2026, when BTC fell to $60,000, the loss amount was close to 9.93 million coins. If it returns to $60,000 again, the current BTC chip structure's loss amount will reach 10.6 million coins, which may coincide with the previous bear market bottom.