PANews, June 26 – According to Bloomberg, Bitcoin’s market cap has shrunk by about $1.3 trillion since its peak last year, with its price falling below $60,000. Several veteran investors believe the market is now near the "bottom range" of previous cycles, though the true bottom may not form until late summer or even September. Early investor Bruno Ver expects Bitcoin could dip to around $50,000; CryptoQuant estimates Bitcoin's "realized price" at roughly $53,400, a level historically viewed as a relatively reliable bottom reference; multiple models from Glassnode suggest a potential bottom range of $37,000 to $60,000. At the same time, spot Bitcoin ETFs continue to see net outflows, retail funds are rotating into AI concept stocks, Strategy Inc.'s financing model is under pressure, and the Fear and Greed Index has fallen to "extreme fear," indicating that market sentiment remains pessimistic.