Bitcoin’s $60K Range Seen As Potential Long-Term Accumulation Zone, Analyst Says
Jamie Coutts says several liquidity pressures could keep markets tight longer: heavy US Treasury issuance, a large IPO pipeline, and big tech shifting cash from buybacks into AI spending. He views Bitcoin’s roughly 50% decline as consistent with prior bear-market volatility, but does not call a bottom and thinks another drop is still possible. His main point is that global money flows, not Bitcoin-specific factors, are driving the setup. Rising Treasury supply, higher yields, and capital tied up in IPOs may keep risk assets under pressure. Still, he argues the stress cannot persist indefinitely because higher borrowing costs and weaker tax receipts make it harder for the US to manage yields. He sees the $60,000 range as an attractive long-term accumulation zone for Bitcoin, even if the market has not fully washed out yet. He adds that if stocks weaken further and financial conditions tighten, the most likely offset would be renewed Federal Reserve liquidity, which has historically supported Bitcoin and other risk assets.
