Ali Martinez says more than half of Bitcoin's circulating supply is now held at a loss,a rare on-chain signal that has historically appeared near major market bottoms. Meanwhile, Scott Melker argues bullish momentum, record whale accumulation and improving technical indicators suggest BTC may be in a high-conviction accumulation zone.

Bitcoin is trading below key technical and onchain valuation levels, with historical bear market patterns suggesting a potential bottom closer to $45,000.

Katie Stockton says Bitcoin remains attractive over the long term despite repeatedly testing the $59,000–$60,000 support zone. While she does not rely on BTCs traditional…