JUST IN: Bitcoin at $66,000 doesn't look good: Michaël van de Poppe The analyst and trader maintains that the possibility of a drop to $60,000 for Bitcoin remains. Market analyst Michaël van de Poppe has once again commented on Bitcoin (BTC), this time with a markedly different tone than in previous weeks. According to this expert, Bitcoin "doesn't look good" at current levels, and the risk of a further drop remains.

Glassnode states that Bitcoin is currently at the lower end of the new buyer cost zone (approximately $60,000–$70,000), with on-chain data showing significant accumulation of holdings in this range. However, it points out that the current accumulation scale is still below the levels that historically have driven strong rebounds. The current structure provides some support, but the momentum remains insufficient.

CoinWorld News reports that on the X platform, on-chain data platform Glassnode stated that currently Bitcoin's price is temporarily below the cost range of new investors entering the market ($60,000–$70,000). Data shows that some degree of position accumulation has occurred within this range, but the overall scale remains below the typical levels that have historically driven strong rebounds, and the concentration of positions is relatively weak. Glassnode pointed out that the current accumulation structure is structurally constructive, but its strength is still insufficient, and it has not yet formed a clear upward momentum signal.