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Bitcoin trades near $64,000, down nearly 50% from its $126,000 October 2025 peak. Standard Chartered sees a bottom already in, but Galaxy Research and Hilbert Capital's Russell Thomson expect a drop to $40,000-$45,000. Bitwise's André Dragosch calls it a late-stage bear market without a confirmed bottom.
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Summary by ByteBrief
Bitcoin P&L ratio falls to 43-month low