I just reviewed the data and it seems we are still in a tricky territory. Bitcoin is hovering around $67K, Ethereum at $2.07K, while XRP and Solana are also carrying losses. The interesting thing is that Dogecoin is still climbing a bit, almost the only green on the chart.

The overall market is in total panic. Stock indices plummeted yesterday, with the Nasdaq losing more than 2%, dragging everything into crypto. Over $250 million liquidated in 24 hours, most bullish bets wiped out. The sentiment is at "extreme fear" according to the indicators.

Now, many are asking how much longer until we hit the bottom. Ali Martinez, the analyst followed by many, points out that Bitcoin’s 1130-day moving average historically marks the cycle lows. That level is around $66,500. We are quite close, which raises doubts about whether we’ve already hit the floor or if there’s more decline.

Another well-known chartist, Rekt Capital, is more pessimistic. He says that if Bitcoin closes the week below the 200-week EMA (at $68,300), historically that has triggered additional bearish accelerations. If that happens, we’ll probably see more blood in the coming weeks. So the question everyone is asking is how much longer until things stabilize. For now, the market remains uncertain.