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Project Overview
Bitonite is a copy-trading platform designed to help crypto investors grow their portfolios by following successful and trustworthy traders. The platform provide a range of products and services designed to cater to the diverse needs of our clients. Through decentralization, Bitonite has created the DAO token BIT, which plays a significant role in the Bitonite ecosystem.
BIT US Stock Options Launch Countdown, Early Bird Exclusive Benefits Also Begin
BIT US stock options trading will officially launch on July 24. Following its margin trading (securities lending and borrowing) service, BIT is further expanding its derivatives matrix to provide users with lower-cost, risk-controllable tools for US stock trading and hedging.In terms of fees, BIT US stock options charge $0 commission for both buying and selling, with platform usage fees as low as $0.30 per contract—only half the fee charged by similar platforms. The minimum fee per transaction is $0.99, consistent with US stock trading, and options trading incurs no additional markup, helping users enter the market with a lower threshold.The initial launch will cover approximately 2,000 highly liquid US stock underlying assets, and will prioritize opening options buyer trading (Long Call / Long Put), while not yet supporting seller (Short) opening positions. The maximum loss for buyers is locked in as the premium paid at the time of order placement, effectively avoiding liquidation risks in extreme market conditions. The product's coverage scope and trading methods will be gradually expanded based on risk control system validation and market demand.Early bird exclusive offers and experience benefits are now available. By completing your first option trade or inviting a friend to participate, you can receive multiple early bird rewards, including 30 days of free real-time options quotes and popular stocks. For event details, please refer to the BIT US Stock Channel.Risk Warning: Options trading involves risk, which may result in the total loss of the premium paid. Please use investment and financing tools reasonably based on your own investment objectives and risk tolerance.
BIT Brokerage Launches US Stock Short Selling Function, Enabling Long/Short Two-Way Trading of US Stocks
following the recent launch of margin trading functionality, BIT (formerly Matrixport) today officially announced the上线 of its US stock short selling (short) function, marking a key闭环 in BIT's brokerage business achieving a long/short two-way trading ecosystem for US stocks. This provides investors with tools to hedge risks and profit flexibly in a volatile market, and lays sufficient foundational infrastructure for the upcoming options trading.Regarding this business upgrade, Elio Cui, Head of BIT Brokerage, stated: "With the launch of short selling, BIT Brokerage has become one of the very few trading platforms in the industry that simultaneously supports margin trading, short selling, and options布局 under a real US stock framework. Our product planning has been built from the start to benchmark against the complete investment experience of traditional brokerages. Within a single account, users can seamlessly execute long/short two-way allocation and risk hedging, navigating different market cycles with higher capital efficiency."After this feature goes live, users of BIT's integrated account (margin account) who meet the initial margin requirements can short sell designated US stocks. The platform will dynamically update key risk control indicators such as margin rates, stock borrowing costs, and short pool availability in real-time to ensure transparency and efficiency in trading.As a crucial part of enhancing its US stock brokerage services, BIT also reminds investors that short selling involves market risks and is affected by factors such as market volatility, stock borrowing costs, and interest rate fluctuations. The platform will dynamically adjust the list of stocks available for short selling based on market liquidity and risk control policies, offering investors qualified US stock short selling opportunities within a stable and secure framework.To coincide with the launch of the new service, BIT Brokerage is offering a limited-time "0 fee" promotion.
Analysis: Bitcoin Mining Companies Pivot to AI Infrastructure, Performance Consistently Outperforms Bitcoin
According to BIT analysis, AI-related stocks such as semiconductors and memory chips have recently undergone a round of valuation repricing, with stock prices correcting somewhat. However, in comparison, Bitcoin mining companies have significantly outperformed Bitcoin.
BIT Margin Trading is about to launch public beta, with professional trading capabilities continuously upgrading
Odaily Odaily News BIT (formerly Matrixport) has officially launched its Margin Trading feature and will open public beta on June 26. BIT is the first platform in the crypto industry to offer a margin function. Users can now submit margin applications through the official website or APP. BIT will review applications based on account status and risk management requirements and gradually open margin limits.In addition, features such as securities lending are also in preparation and will be gradually rolled out in accordance with regulatory requirements and product progress.During the public beta, BIT is simultaneously launching the "First Margin Borrow · Limited-Time Zero Interest" and "Interest Cashback Rewards" campaigns. Users who utilize margin for the first time during the event period will enjoy 0% interest on their first loan for 30 days, allowing users to experience the capital efficiency of leverage with zero interest.Elio Cui, Head of the Brokerage Business, stated: “BIT is the first to offer margin functionality, completing the client journey from account opening and trading to capital leverage. This allows BIT clients to enhance investment efficiency and gain early access to the world’s most wealth-generating assets without relying on bank cards or leaving the digital asset ecosystem.”BIT also reminds users that while margin trading improves capital efficiency, it also carries corresponding risks. Users should fully understand the margin rules and risk control mechanisms and participate prudently based on their own risk tolerance.
BIT: Crypto Market Bets on Post-IPO Strength of SpaceX; Pre-IPO Contract Implied Valuation Nears $2 Trillion
According to an independent analyst report by Markus Thielen on June 9, just days remain before SpaceX’s IPO, and market expectations continue to intensify. There is currently little indication that SpaceX will raise its expected offering price of $135, suggesting the targeted fundraising amount of $7.5 billion has already been substantially subscribed. Meanwhile, pre-IPO synthetic perpetual contracts tied to SpaceX are trading at $157 on Hyperliquid and $169 on Binance—both significantly above the expected offering price—with implied valuations on both platforms approaching $2 trillion. Although prices have retreated from earlier highs near $200, prediction markets still assign a 68% probability that SpaceX’s valuation will exceed $2 trillion by year-end, reflecting traders’ broad expectation of a strong IPO performance.
BIT: Crypto market bets on strong post-IPO performance for SpaceX
BIT Group posted on X platform, stating that with only days remaining until the SpaceX IPO, market expectations are heating up, with a general consensus that the stock is likely to perform well post-listing. Unlike many recent IPOs, there are currently few signs that SpaceX will raise its offering price, indicating that the target fundraising amount of $75 billion has already received fairly sufficient subscription coverage.Meanwhile, SpaceX-related pre-IPO synthetic perpetual contracts are trading at around $157 on Hyperliquid (calculated based on the old 11.9 billion share count) and quoting $169 on Binance, both significantly higher than the expected IPO price of $135. Although prices have fallen from around $200 a few days ago and undergone a repricing, the current implied valuations on both platforms still approach nearly $2 trillion, indicating that traders still anticipate a strong market debut for SpaceX. Prediction markets are also leaning towards optimism, with the current probability of SpaceX's valuation exceeding $2 trillion by the end of the year standing at 68%.
BIT: Bitcoin Shows Resilience at Cycle Bottom Under Dual Negative Pressure, $70,000 Becomes Key Confirmation Level
According to BIT Official Chinese (@BITofficial_CN) analysis, the current crypto market faces dual pressure from the Federal Reserve's hawkish stance and the slowed progress of the CLARITY Act. Federal Reserve Chair Kevin Warsh maintains a hawkish stance; the 2-year US Treasury yield has risen cumulatively by approximately 35 basis points since late January, and the Committee has seen a pattern of 9 votes to maintain interest rates and 3 votes supporting rate hikes. Regarding the CLARITY Act, prediction markets indicate a mere 32% probability of it being signed by the end of 2026, with the legislative window continuing to narrow. Meanwhile, crypto market trading volume has retreated 80% from highs, total market cap has fallen approximately 50%, and USDT and USDC have shown no significant expansion since November 2025, reflecting an overall lack of new USD liquidity in the market. Despite this, Bitcoin remains within the $62,000 to $66,000 range, correcting only about 3% over the past week. It demonstrates stronger resilience compared to most altcoins, reflecting that active position adjustment pressure has been largely released. BIT points out that if Bitcoin subsequently regains $70,000 and drives multiple indicators to turn bullish, it will further confirm that the low point of this cycle has been established.
BIT Official: Fed Turns Hawkish, CLARITY Act Prospects Weaken, Bitcoin May Be Near Cycle Bottom
Odaily News, BIT Official released a weekly report stating that trading volume in the crypto market has fallen 80% from its peak, contracting approximately 60% from the Q4 2025 high, while the total crypto market cap has also dropped 50%. The report noted that without a meaningful recovery in volume, the market will struggle to form a sustained rebound.Despite the market still digesting the double headwinds of the Fed's hawkish policy stance and stalled progress on the CLARITY Act, Bitcoin has held within the $62,000 to $66,000 range. BIT Official expects Bitcoin to eventually break upward.The report stated that Fed Chair Kevin Warsh has recently adopted a "say less, do less" communication strategy, and the uncertainty surrounding his policy stance is unsettling the market. Warsh has been known for his hawkish position over the past two decades, but the market had previously anticipated that, with Trump's support, he might push monetary policy in a more dovish direction. If that shift materializes, it could be a positive catalyst for Bitcoin.Additionally, prediction market data shows that the probability of the CLARITY Act being signed into law by the end of 2026 currently stands at just 32%. Senate Majority Leader John Thune has indicated that the Senate will prioritize other issues, and with the August recess approaching, the remaining legislative window for the bill is further narrowing.
BIT：比特币A-B-C浪结构基本兑现，熊市或已接近尾声
据BIT《On Target》周度报告，比特币自2026年2月9日由97,000美元急跌至62,900美元，叠加特朗普提名鹰派人士凯文·沃什出任美联储主席、杠杆头寸遭大规模强制平仓，市场流动性收紧压力显著上升。报告指出，此前预判的A-B-C浪走势大体符合预期：A浪低点于2月完成，B浪反弹至82,000美元后，比特币于6月30日再创新低至58,500美元，C浪下跌已然展开。 然而，伊朗冲突爆发推动通胀超预期上行，新任美联储主席首次政策表态即释放明确鹰派信号，两项超预期因素令C浪低点时间节点存在不确定性。报告认为熊市或已接近尾声，但仍需重点关注两大关键变量，将在本期报告中深入分析。
BIT Brokerage Launches US Stock Short Selling Function, Enabling Long/Short Two-Way Trading of US Stocks
following the recent launch of margin trading functionality, BIT (formerly Matrixport) today officially announced the上线 of its US stock short selling (short) function, marking a key闭环 in BIT's brokerage business achieving a long/short two-way trading ecosystem for US stocks. This provides investors with tools to hedge risks and profit flexibly in a volatile market, and lays sufficient foundational infrastructure for the upcoming options trading.Regarding this business upgrade, Elio Cui, Head of BIT Brokerage, stated: "With the launch of short selling, BIT Brokerage has become one of the very few trading platforms in the industry that simultaneously supports margin trading, short selling, and options布局 under a real US stock framework. Our product planning has been built from the start to benchmark against the complete investment experience of traditional brokerages. Within a single account, users can seamlessly execute long/short two-way allocation and risk hedging, navigating different market cycles with higher capital efficiency."After this feature goes live, users of BIT's integrated account (margin account) who meet the initial margin requirements can short sell designated US stocks. The platform will dynamically update key risk control indicators such as margin rates, stock borrowing costs, and short pool availability in real-time to ensure transparency and efficiency in trading.As a crucial part of enhancing its US stock brokerage services, BIT also reminds investors that short selling involves market risks and is affected by factors such as market volatility, stock borrowing costs, and interest rate fluctuations. The platform will dynamically adjust the list of stocks available for short selling based on market liquidity and risk control policies, offering investors qualified US stock short selling opportunities within a stable and secure framework.To coincide with the launch of the new service, BIT Brokerage is offering a limited-time "0 fee" promotion.
BIT: Positive News Supports Bitcoin's July Seasonal Trend
BIT released a daily report stating that Bitcoin performed steadily in early July, continuing its historically relatively strong seasonal performance. US President Trump's statements, such as "the US is taking over cryptocurrency," boosted market sentiment, and investors' attention also turned to the CLARITY Act, which needs to make progress before the Senate enters summer recess on August 7.
BIT: Bitcoin's July Seasonal Strength May Give Way to Summer Consolidation
According to the daily chart analysis released by BIT Official (@BITofficial_EN), July has historically been a month of relatively strong performance for Bitcoin, but the market typically enters a consolidation phase of about two months thereafter. Unlike last year, which was boosted by sentiment surrounding the "GENIUS Act", this summer lacks similar catalysts. Coupled with low trading volume and persistent downside risks, upside potential may be limited. BIT recommends clients consider selling call options to generate additional yield. Additionally, BIT research reports indicate that the low point of this Bitcoin cycle may not have been reached before September, and the current strategic focus should shift from directional bets to yield generation.
BIT: Bitcoin 7-day implied volatility fell to 25%, at a historical low
According to analysis by BIT Official Chinese (@BITofficial_CN), Bitcoin's 7-day implied volatility has fallen below the 30% threshold to 25%, similar to the low volatility period in the summer of 2023. Against the backdrop of relatively low option prices, analysts suggest investors consider the "spot substitution strategy"—selling a portion of Bitcoin spot holdings and replacing them with bull call spreads or directly buying call options, which not only retains upside exposure but also limits the maximum loss to the option premium if prices continue to fall, while the released funds can also generate interest elsewhere.
Analyst: Anthropic IPO May Drive Related Beneficiary Stocks to Rally Again
According to BIT analysts, the major IPO wave continues. Anthropic is currently expected to go public in late September or early October 2026. The trading price of its private secondary market shares has risen to $598, a significant increase from $59 in July 2025 and $162 in August 2025.
BIT: BTC's RSI rebounded after falling to the 30% oversold zone
According to charts released by independent analyst Markus Thielen on July 27, 2026, the Bitcoin price and Relative Strength Index (RSI) trends show a clear divergence signal. The RSI recently fell to the 30% oversold zone, then rebounded to around the 50% level, while the BTC price also recovered from near the lows to approximately $64,645. Notably, the purple downward trend line in the chart shows that since the June 2025 high (approximately $125,000), BTC has been overall in a downward channel; the current price is still suppressed by this resistance line, and whether it can effectively break through will be key to judging subsequent trends.
BIT: Bitcoin implied volatility may drop below 30% this summer
BIT analysts stated that one of their views for the coming weeks is that Bitcoin implied volatility could drop below 30% this summer, similar to 2023 and 2025. Should this scenario occur, option premiums could lose approximately 30% of their value solely due to volatility compression. Therefore, although current implied volatility is already near 36%, they still believe there is an opportunity to sell volatility.
BIT: AI Stock Sell-off Triggers BTC Drop Below $60,000, Market Shows "Orderly Decline" Rather Than Panic
According to the weekly market report released by BIT Official, heavy selling in semiconductor and AI stocks on June 23-24 triggered defensive adjustments by institutional capital. BTC fell below $60K on June 24, hitting a low of ~$59,000 (intraday decline of approximately 5%). Approximately $994 million in liquidations occurred during the same period (of which approximately $780 million were long positions). Approximately $1.2 billion in nominal Put positions at the $60K level forced market makers to short, exacerbating the downward trend. As of the weekend, BTC was quoted at ~$59,992, down 6.9% for the week; ETH was quoted at ~$1,578, down 9.3% for the week. In terms of volatility, DVOL only rose slightly (BTC 44.1→45.7, ETH 57.3→59.5), front-end skew tended to stabilize, and convexity returned to normal. The institutional defensive hedging ratio decreased from 29.6% to 19.7%, shifting towards two-way balance, overall showing characteristics of an "orderly decline" rather than panic selling. In terms of ETFs, for the week ending June 26, US spot BTC ETFs saw net outflows of approximately $1.79 billion, marking the second-highest weekly outflow record in history, and have seen net outflows for 7 consecutive weeks; IBIT net assets decreased to approximately $44.4 billion, with average holders having an unrealized loss of approximately 40%. Strategy purchased only 520 BTC this week (approximately $34.9 million), significantly slowing down compared to the previous two weeks. MSTR stock price has fallen below its BTC book value, and the flywheel effect has been affected
“Today’s Top 1 Loss”: ETH’s Largest Long Position Incurs $88.5 Million Floating Loss—Over 5.3x the Initial Margin
According to Hyperinsight monitoring, ETH declined again this morning, briefly approaching $1,500. On Hyperliquid, ETH’s largest long position—held by the “BIT-affiliated whale”—suffered substantial losses across its four addresses, with losses exceeding $10.1 million within the past 24 hours. Its total unrealized loss has now widened to $88.5 million. Given its initial position size of approximately $16.5 million, the loss has exceeded 5.3 times the principal.
Analysis: US Dollar Weakness and Interest Rate Expectation Repricing May Benefit Gold and Bitcoin
BIT released a market analysis stating that, from a technical perspective, gold may be in a bottoming-out phase. The report also pointed out that its view differs from the current market consensus: although the bond market is still pricing in expectations of two Federal Reserve rate hikes within the year, it judges that there may be no rate hikes this year.
BIT: Bitcoin Shows Resilience at Cycle Bottom Under Dual Negative Pressure, $70,000 Becomes Key Confirmation Level
According to BIT Official Chinese (@BITofficial_CN) analysis, the current crypto market faces dual pressure from the Federal Reserve's hawkish stance and the slowed progress of the CLARITY Act. Federal Reserve Chair Kevin Warsh maintains a hawkish stance; the 2-year US Treasury yield has risen cumulatively by approximately 35 basis points since late January, and the Committee has seen a pattern of 9 votes to maintain interest rates and 3 votes supporting rate hikes. Regarding the CLARITY Act, prediction markets indicate a mere 32% probability of it being signed by the end of 2026, with the legislative window continuing to narrow. Meanwhile, crypto market trading volume has retreated 80% from highs, total market cap has fallen approximately 50%, and USDT and USDC have shown no significant expansion since November 2025, reflecting an overall lack of new USD liquidity in the market. Despite this, Bitcoin remains within the $62,000 to $66,000 range, correcting only about 3% over the past week. It demonstrates stronger resilience compared to most altcoins, reflecting that active position adjustment pressure has been largely released. BIT points out that if Bitcoin subsequently regains $70,000 and drives multiple indicators to turn bullish, it will further confirm that the low point of this cycle has been established.
BIT Official: Fed Turns Hawkish, CLARITY Act Prospects Weaken, Bitcoin May Be Near Cycle Bottom
Odaily News, BIT Official released a weekly report stating that trading volume in the crypto market has fallen 80% from its peak, contracting approximately 60% from the Q4 2025 high, while the total crypto market cap has also dropped 50%. The report noted that without a meaningful recovery in volume, the market will struggle to form a sustained rebound.Despite the market still digesting the double headwinds of the Fed's hawkish policy stance and stalled progress on the CLARITY Act, Bitcoin has held within the $62,000 to $66,000 range. BIT Official expects Bitcoin to eventually break upward.The report stated that Fed Chair Kevin Warsh has recently adopted a "say less, do less" communication strategy, and the uncertainty surrounding his policy stance is unsettling the market. Warsh has been known for his hawkish position over the past two decades, but the market had previously anticipated that, with Trump's support, he might push monetary policy in a more dovish direction. If that shift materializes, it could be a positive catalyst for Bitcoin.Additionally, prediction market data shows that the probability of the CLARITY Act being signed into law by the end of 2026 currently stands at just 32%. Senate Majority Leader John Thune has indicated that the Senate will prioritize other issues, and with the August recess approaching, the remaining legislative window for the bill is further narrowing.
BIT: BTC's RSI rebounded after falling to the 30% oversold zone
According to charts released by independent analyst Markus Thielen on July 27, 2026, the Bitcoin price and Relative Strength Index (RSI) trends show a clear divergence signal. The RSI recently fell to the 30% oversold zone, then rebounded to around the 50% level, while the BTC price also recovered from near the lows to approximately $64,645. Notably, the purple downward trend line in the chart shows that since the June 2025 high (approximately $125,000), BTC has been overall in a downward channel; the current price is still suppressed by this resistance line, and whether it can effectively break through will be key to judging subsequent trends.
Analysis: Options Demand Heats Up, Bitcoin Upside Expectations Strengthen
According to the market analysis released by BIT's official Chinese channel, as demand for call options continues to heat up, the implied volatility of Bitcoin and Ethereum is rebounding simultaneously, indicating that the period of light summer trading may be nearing an end, and market expectations for Bitcoin's upside have strengthened.
BIT US Stock Options Launch Countdown, Early Bird Exclusive Benefits Also Begin
BIT US stock options trading will officially launch on July 24. Following its margin trading (securities lending and borrowing) service, BIT is further expanding its derivatives matrix to provide users with lower-cost, risk-controllable tools for US stock trading and hedging.In terms of fees, BIT US stock options charge $0 commission for both buying and selling, with platform usage fees as low as $0.30 per contract—only half the fee charged by similar platforms. The minimum fee per transaction is $0.99, consistent with US stock trading, and options trading incurs no additional markup, helping users enter the market with a lower threshold.The initial launch will cover approximately 2,000 highly liquid US stock underlying assets, and will prioritize opening options buyer trading (Long Call / Long Put), while not yet supporting seller (Short) opening positions. The maximum loss for buyers is locked in as the premium paid at the time of order placement, effectively avoiding liquidation risks in extreme market conditions. The product's coverage scope and trading methods will be gradually expanded based on risk control system validation and market demand.Early bird exclusive offers and experience benefits are now available. By completing your first option trade or inviting a friend to participate, you can receive multiple early bird rewards, including 30 days of free real-time options quotes and popular stocks. For event details, please refer to the BIT US Stock Channel.Risk Warning: Options trading involves risk, which may result in the total loss of the premium paid. Please use investment and financing tools reasonably based on your own investment objectives and risk tolerance.
Related news
BIT com withdrew 894.72 BTC from Binance, valued at $61.93 million
Odaily News: According to Onchain Lens monitoring, BIT com (formerly Matrixport) withdrew 894.72 BTC from Binance a few minutes ago, valued at approximately $61.93 million; three hours ago, it also withdrew 3.38 BTC, valued at approximately $234,000.
BIT: Bitcoin 7-day implied volatility fell to 25%, at a historical low
According to analysis by BIT Official Chinese (@BITofficial_CN), Bitcoin's 7-day implied volatility has fallen below the 30% threshold to 25%, similar to the low volatility period in the summer of 2023. Against the backdrop of relatively low option prices, analysts suggest investors consider the "spot substitution strategy"—selling a portion of Bitcoin spot holdings and replacing them with bull call spreads or directly buying call options, which not only retains upside exposure but also limits the maximum loss to the option premium if prices continue to fall, while the released funds can also generate interest elsewhere.
BIT: Strategy's continued Bitcoin sales create some selling pressure but do not change the bottom-line assessment for Bitcoin
Odaily Odaily News BIT stated in its latest On Target weekly report that Strategy (formerly MicroStrategy), once known for its "never sell" stance on Bitcoin, is now gradually selling off its Bitcoin holdings. According to company disclosures, the Bitcoin it can sell is being used to supplement dollar reserves, pay preferred stock dividends and interest, and repurchase digital credit securities.BIT believes that Strategy's continued Bitcoin sales will bring some selling pressure to the market, and also means the market can no longer take its structurally engineered buy-side demand for granted. Until the capital strategy becomes clearer, institutional investors may continue to adopt a wait-and-see approach.However, BIT stated that Strategy's sell-off does not change its judgment on Bitcoin's expected trajectory, nor does it affect the previously set bottom target. Still, this shift may prompt other Bitcoin reserve companies, especially their shareholders, to reassess their own strategies.
Analyst: Anthropic IPO May Drive Related Beneficiary Stocks to Rally Again
According to BIT analysts, the major IPO wave continues. Anthropic is currently expected to go public in late September or early October 2026. The trading price of its private secondary market shares has risen to $598, a significant increase from $59 in July 2025 and $162 in August 2025.
Analysis: US Dollar Weakness and Interest Rate Expectation Repricing May Benefit Gold and Bitcoin
BIT released a market analysis stating that, from a technical perspective, gold may be in a bottoming-out phase. The report also pointed out that its view differs from the current market consensus: although the bond market is still pricing in expectations of two Federal Reserve rate hikes within the year, it judges that there may be no rate hikes this year.
BIT: Bitcoin Shows Resilience at Cycle Bottom Under Dual Negative Pressure, $70,000 Becomes Key Confirmation Level
According to BIT Official Chinese (@BITofficial_CN) analysis, the current crypto market faces dual pressure from the Federal Reserve's hawkish stance and the slowed progress of the CLARITY Act. Federal Reserve Chair Kevin Warsh maintains a hawkish stance; the 2-year US Treasury yield has risen cumulatively by approximately 35 basis points since late January, and the Committee has seen a pattern of 9 votes to maintain interest rates and 3 votes supporting rate hikes. Regarding the CLARITY Act, prediction markets indicate a mere 32% probability of it being signed by the end of 2026, with the legislative window continuing to narrow. Meanwhile, crypto market trading volume has retreated 80% from highs, total market cap has fallen approximately 50%, and USDT and USDC have shown no significant expansion since November 2025, reflecting an overall lack of new USD liquidity in the market. Despite this, Bitcoin remains within the $62,000 to $66,000 range, correcting only about 3% over the past week. It demonstrates stronger resilience compared to most altcoins, reflecting that active position adjustment pressure has been largely released. BIT points out that if Bitcoin subsequently regains $70,000 and drives multiple indicators to turn bullish, it will further confirm that the low point of this cycle has been established.