Scott Melker: Bitcoin's $126K peak in Oct 2025 makes an 85% crash less likely

Trader and commentator Scott Melker says the current Bitcoin drawdown should be viewed as a deep bull-market dip rather than a classic bear market, after BTC peaked at $126K in October 2025. He points to four bottom-type signals he tracks—weekly RSI extremes, an all-time-low Fear & Greed reading, record "Bitcoin going to zero" search interest, and price nearing the 200-week moving average—while arguing altcoin liquidity has been pulled into prediction markets.