Darkfost Flags Bitcoin in Power Law “Extreme Undervaluation” as BTC Trades Near $60,000
Bitcoin has fallen 26.8% since May 15 and has been trading around the cycle bottom near $60,000, as selling pressure persists. On June 6, 2026, analyst Darkfost said BTC dropped below the Power Law model’s 4% quantile, a level historically tied to heavy pessimism. At the time of writing, Bitcoin was $61,592 (+1.95% in 24 hours) while daily volume fell 56.14% to $31.21 billion.