$60K was the bottom… and everyone was busy panicking
In early February, $BTC dropped to ~$60K and sentiment flipped fully bearish. But the structure looked more like capitulation, not continuation.
📊 30-day implied volatility hit ~90%
It means traders were aggressively buying downside protection → peak fear.
History shows the pattern:
• Aug 2024 → IV ~90% → bottom ~$50K
• Nov 2022 → IV ~90% → bottom <$20K
• Feb 2026 → IV ~90% → ~$60K
📈 What next:
• Short term: $60K–$75K range
• Mid term: $85K+ if momentum builds
• Volatility likely compresses before expansion
⚠️ Risk: loss of $60K → $52K–$55K sweep