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Galaxy Digital’s head of research, Alex Thorne, warned strongly about the potential slowdown Bitcoin Author Another 19% up to $63,000 levelciting a large difference in ownership of the chain between $ 82,000 and $ 70,000.
The warning comes as Bitcoin is already trading more than… 38% Under its full term on October 6, 2025 of $126,298.
Thorne’s analysis shows The current price structure is really lacking between… 70,000 and80,000 Dollar, creating a “vacuum” that can speed up sales in the near future.
The difference in ownership between $70,000 and $80,000 creates problems
According to Bitcoin providing data from Galaxy ResearchBased on recent cash flows, there is a clear difference in ownership between $70,000 and $80,000.
Source: Galaxy Research
Most of the approximately 194,000 bitcoins were sold last time in the middle $77,000 and $79,500 This has only happened in the last few days, which means that this is a shallow area that will not work.
A large purchase was made in the middle $80,000 and $92,000 In the last four months, when some parts of the price (according to the new movement on the chain) show a tendency to sell.
Source: Galaxy Research
“Although it may fluctuate around the maximum portfolio discount compared to the average price of ETFs by -10% (currently around $76,000), for the reasons mentioned above, there is a great chance that Bitcoin will be taken to the bottom of the asset difference (70,000 $) and then maybe try… Price guaranteed ($56,000) and the 200-week moving average ($58,000) in the coming weeks and months,” As Thorn explained.
Past events indicate deep pain to come
With the exception of 2017, Bitcoin has never seen a 40% drop from its all-time high without increasing 50% or more within three months.
A 50% drop from an all-time high would make Bitcoin stay $63,000 Exactly, the level that Thorne points to as the next big pain point.
bitcoin is now down -38% from all time
we’ve been predicting a bear market since October, calling it a bear market in November
beimnet wants to move to 200w MA, which is currently $58k (criminals), could be $60-$65k if it hits.
galaxy brain
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pic.twitter.com/HtlS2rkQ8u
Alex Thorn (@intangiblecoins) January 31, 2026
Data from Galaxy Research shows that in the last three bull markets in 2013/14, 2017/18, 2019, and 2021, the 50-week moving average has served as important support.
Source: Galaxy Research
However, when this level was lost, the price returned to the 200-week moving average every time.
Bitcoin lost almost 50 weeks of moving in November 2025, andThe 200-week moving average is currently at $58,000.
The observed value, which measures the average value of coins based on their recent movement on the chain, is here $56,000which represents another important part of helping to manage it.
Gold Wins While Bitcoin Struggles With Issues
From the fourth quarter of 2025, I failed Bitcoin is compatible with traditional security features such as gold And silver, a trend that has not progressed with economists.
Investors turned to commodities amid trade tensions and growing concerns about the stability of global debt.
source: TradingView
Bitcoin is expected to benefit from this, due to its nature and limited use.
However, The leading digital currency has moved in the opposite directionCommitting to a stable economy is a loss of credibility among investors seeking refuge from financial crisis.
Where will Bitcoin fall?
Galaxy Research revealed late last year that 2026 could be a mystery The price of Bitcoin shares.
45 days out of the year, this assessment proved to be correct.
Despite the short-term upside, the investment firm sees opportunities coming in at a lower level.
Thorne says Bitcoin has historically found support around or slightly below the value it achieved before trading higher in the previous market.
Source: Galaxy Research
If the price drops to the 200-week interest rate on… $58,000 Or the cost to be found $56,000Galaxy Research believes that these sessions should provide a solid entry point for long-term investors, in line with the trends seen in previous sessions.
A note Galaxy Analyst Warns Bitcoin May Fall to $63,000 Due to Ownership Divergence Slowing Off-Chain Storage appeared for the first time Cryptonews Arabic.
