{"id":98230,"date":"2026-06-10T16:06:57","date_gmt":"2026-06-10T13:06:57","guid":{"rendered":"https:\/\/u1f987.com\/en\/?p=98230"},"modified":"2026-06-10T16:10:14","modified_gmt":"2026-06-10T13:10:14","slug":"k33-analysts-identify-60000-as-bitcoin-accumulation-zone","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/k33-analysts-identify-60000-as-bitcoin-accumulation-zone\/","title":{"rendered":"K33 Analysts Identify $60,000 as Bitcoin Accumulation Zone"},"content":{"rendered":"<p>The leading cryptocurrency has dropped 28% over the month, falling from $82,000 to below $60,000. According to analysts at <a href=\"https:\/\/k33.com\/research\/articles\/half-of-bitcoin-is-underwater\">K33<\/a>, more than 10 million BTC\u2014over 50% of the total circulating supply\u2014are now at a loss.<\/p>\n<p>A month ago, the share of &#8220;red&#8221; coins was only 30%. K33&#8217;s Head of Research, Vetle Lunde, explained that a large percentage of old coins remain unmoved. The reason is either lost wallets or owners&#8217; reluctance to sell the asset. Thus, in previous bear cycles, the peak of the loss-making supply was in the 50-56% range.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/img-e5191509c03714d7-6697184825027007.webp\" alt=\"Screenshot-2026-06-10-at-10.31.44\" class=\"wp-image-281455\"\/><figcaption class=\"wp-element-caption\">Source: K33.<\/figcaption><\/figure>\n<p>A similar pattern was observed in 2011, 2018, and 2022. Back then, Bitcoin reached its bottom within a month after breaking the 50% mark. However, this was preceded by a final drop of 15-26%. A year after this event, growth ranged from 69% to 359%.<\/p>\n<p>The current decline has brought the price back to the 200-week <a href=\"https:\/\/u1f987.com\/en\/news\/what-is-a-moving-average-and-how-is-it-used-in-crypto\">moving average<\/a>. K33 considers this level a marker for the end of major bear cycles. The <a href=\"https:\/\/u1f987.com\/en\/news\/what-the-rsi-is-for-and-whether-it-suits-cryptocurrencies\">Relative Strength Index<\/a> of Bitcoin has reached its lowest point since November 2018. Outflows from exchange-traded products averaged 4,108 BTC per day from May 7 to June 8. The <a href=\"https:\/\/u1f987.com\/en\/news\/what-is-cryptos-fear-and-greed-index\">Fear and Greed Index<\/a> plummeted to 8.<\/p>\n<p>Lunde noted a shift in sentiment and a capital flow into AI stocks, Big Tech, and a potential <span data-descr=\"initial public offering\" class=\"old_tooltip\">IPO<\/span> for <a href=\"https:\/\/u1f987.com\/en\/news\/spacex-discloses-bitcoin-holdings-in-ipo-filing\">SpaceX<\/a>. Meanwhile, the current downturn is shorter and shallower than in past cycles, fitting the trend of decreasing volatility.<\/p>\n<p>Analysts confirmed their baseline forecast: the level around $60,000 serves as a cyclical bottom or a very attractive zone for long-term accumulation.<\/p>\n<p>On June 9, analysts from Wintermute <a href=\"https:\/\/u1f987.com\/en\/news\/wintermute-highlights-weak-capital-inflow-into-bitcoin\">pointed out<\/a> a weak capital inflow into Bitcoin.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The leading cryptocurrency has dropped 28% over the month, falling from $82,000 to below $60,000. According to analysts at K33, more than 10 million BTC<\/p>\n","protected":false},"author":1,"featured_media":98231,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Bitcoin has dropped 28% over the month, falling from $82,000 to below $60,000.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1167,1252],"class_list":["post-98230","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-k33","tag-reports"],"aioseo_notices":[],"amp_enabled":true,"views":"33","promo_type":"1","layout_type":"1","short_excerpt":"Bitcoin has dropped 28% over the month, falling from $82,000 to below $60,000.","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/98230","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=98230"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/98230\/revisions"}],"predecessor-version":[{"id":98232,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/98230\/revisions\/98232"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/98231"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=98230"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=98230"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=98230"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}