Galaxy Digital Research Head Alex Thorn stated that Bitcoin's recent weakness may lead to a further decline towards its 200-week moving average, estimated around $58,000, within the coming weeks or months. Data indicates Bitcoin has corrected approximately 38% from its all-time high on October 6, 2025, with significant drops over the past weekend triggering over $2 billion in long liquidations. Currently, 46% of Bitcoin's supply is reportedly in a loss-making position, and a supply gap exists in the $70,000-$80,000 range. The narrative of Bitcoin serving as a hedge against inflation has been undermined by its failure to align with assets like gold and silver. Historical data suggests that the 200-week moving average and the realized price, around $56,000, have historically presented favorable entry points for long-term investors.

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