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Kaiko flags Bitcoin's $60K plunge as potential midpoint in current bear market cycle
Bitcoin fell to $59,930 on Friday, its lowest level since October 2024, in what Kaiko Research describes as a possible halfway point in the present bear market. The firm notes a 32% correction since the 2024 halving, shrinking spot volumes and reduced futures open interest, while analysts remain divided on whether $60,000 marks a cycle low or if further downside toward $40,000–$50,000 is needed to align with past drawdowns.