JUST IN: Luke Belmar says "Bitcoin is my main currency asset for now. I think we go back to $100,000, maybe then we downtrend to $45,000, $50,000, I don't think we're at the bottom yet. I still see a billion dollars of leveraged longs getting liquidated every week."

CryptoQuant said Bitcoin has not yet shown a “full capitulation” bottom, with several key onchain indicators still in a “bear phase” rather than the “extreme bear phase” typically seen at historic cycle lows. CryptoQuant noted that while Bitcoin’s Feb. 5 sell-off saw about $5.4