Galaxy Digital's Head of Research, Alex Thorn, posted that Bitcoin's recent weak performance might lead to further declines in the coming weeks or months, potentially dropping to the 200-week moving average (around $58,000). Data shows that Bitcoin has retraced about 38% from its all-time high on October 6, 2025, with a sharp drop last weekend triggering over $2 billion in long liquidations. Currently, 46% of Bitcoin's supply is at a loss, and there is a supply gap in the $70,000-$80,000 range. Bitcoin's failure to trade alongside assets like gold and silver as a "hedge against devaluation" has undermined its narrative. Historical data suggests that the 200-week moving average and the realized price (around $56,000) zones typically provide good entry points for long-term investors. https://www.(wublock123.com)/index.php?m=content&c=index&a=show&catid=6&id=56066