The Bitcoin price crashes towards $60,000 has sparked debate in the crypto market, but recent analyzes from BitQuant’s market experts explain why this move was inevitable and necessary. According to the company, BTC’s sharp decline is not the result of widespread panic or manipulation, but rather a natural development in the market structure. The company explained that the recent local top, which exceeded $126,000, did not meet expectations needed for healthy Bitcoin price growth.
Early top and market liquidation disrupted Bitcoin’s price structure
In a long post on X, BitQuant reported that the local top for Bitcoin was initially set at $145,000, but this was never reached, causing the cryptocurrency above $126,000 previously in October 2025. According to the company, this earlier-than-expected peak caused a structural failure that prevented the Bitcoin market from establishing a solid foundation for sustained price gains.
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On October 10, during the devastating liquidation eventBitQuant noted that a technical issue at Binance had caused a sudden drop in BTC, from around $120,000 to $105,000, adding volatility to the already fragile setup. Although some may interpret this Binance problem As a manipulation, the crypto company emphasized that such events are common in markets, especially Bitcoin markets. The company also added that the liquidation and technical error were not significant enough to justify this the whole disadvantage that followed.
BitQuant emphasized that the key point is that Bitcoin’s early price top disrupted the natural cycle of distribution and correction, which normally allowed the price to consolidate before attempting higher levels. Without a strong foundation, the market could not survive strong bullish momentumcreating the bearish conditions that fueled BTC’s retracement towards the $60,000-$62,000 region.
In a clean, structural scenario, the company stated that Bitcoin should have reached $145,000, distributed there, suffered a correction of about 25-30% and then built a strong base before the next price increase.
New structure forms the basis for future expansion
Although BitQuant has highlighted shortcomings in Bitcoin’s current market structurethe company stated that the cryptocurrency has already developed a new setup after the drop towards $60,000. The company noted that this updated pricing structure now supports a continuation of the rate BTC’s next expansion phase.
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BitQuant further clarified that this is not the start of a new market cycle, but rather a continuation of the cycle that started around $16,000. The company emphasized that the performance and success of the market in the coming months will depend on whether traders and investors view the next step as a new cycle or a continuation of the current one. Although The decline of Bitcoin towards $60,000 shook the market, the cryptocurrency has since recovered slightly and is trading above $67,000 again at the time of writing.
Featured image from Pixabay, chart from Tradingview.com