At the time of writing, Bitcoin price was around $63,752, recovering from a weekly low of $59,353 but still sitting 49.4% below its all-time high of $126,080 reached on October 6, 2025. The price is caught between a developing bullish pattern on shorter timeframes and a string of troubling macro and onchain signals that continue to weigh on sentiment. JPMorgan flags the debasement trade unwind JPMorgan’s analysts described what is happening in the market as a « broad-based retreat of the debasement trade, » a macro thesis that had previously channeled billions of dollars into both Bitcoin and gold as hedges against currency devaluation.
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