{"id":75490,"date":"2026-07-16T10:14:36","date_gmt":"2026-07-16T10:14:36","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/is-bitcoin-really-headed-to-38000-nydigs-october-scenario-explained\/"},"modified":"2026-07-16T10:14:36","modified_gmt":"2026-07-16T10:14:36","slug":"is-bitcoin-really-headed-to-38000-nydigs-october-scenario-explained","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/is-bitcoin-really-headed-to-38000-nydigs-october-scenario-explained\/","title":{"rendered":"Is Bitcoin Really Headed to $38,000? NYDIG&#8217;s October Scenario, Explained"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">NYDIG sees a potential bitcoin cycle low near $38,000-$39,000 by October if a 2022-style drawdown repeats.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Bitcoin is currently trading near $64,500, down about 30% in 2026 and roughly 50% below October 2025\u2019s $126,080 peak.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">K33 researchers believe the $60,000 area already marked this bear market\u2019s maximum drawdown.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>A Bleak Scenario<\/h2>\n<p> <span>Bitcoin<\/span> financial services firm NYDIG has mapped out a scenario in which <span>bitcoin<\/span>\u2019s slide extends to $38,000-$39,000 by October, if the 2025-2026 downturn follows the depth and duration of the market\u2019s previous major resets. The scenario appeared in the firm\u2019s second-quarter review, \u201c <span>Leverage<\/span> Not Spot Demand Is Driving <span>Bitcoin<\/span> While Value and Momentum Buyers Wait,\u201d which was <a href=\"https:\/\/www.nydig.com\/research\/q2-2026-review-leverage-not-spot-demand-is-driving-bitcoin-while-value-and-momentum-buyers-wait\" target=\"_blank\" rel=\"noopener noreferrer\">published last week<\/a>.<\/p>\n<p><\/p>\n<p>The firm was explicit about why the old playbook is back on traders\u2019 screens, noting:<\/p>\n<blockquote>\n<p>\u201c <span>Bitcoin<\/span>\u2019s 2025-2026 drawdown is bringing the 4-year cycle narrative back into focus, because the timing and structure increasingly resemble the prior reset years of 2014, 2018 and 2022 even though the path has not matched those drawdowns exactly.\u201d<\/p>\n<\/blockquote>\n<p> <span>Bitcoin<\/span> traded near $64,500 at the time of the report, down almost 30% since the start of the year and roughly 50% below its October 2025 all-time high of $126,080. Earlier this month the market carved out a 21-month low when <span>bitcoin<\/span> <a href=\"https:\/\/news.bitcoin.com\/bitcoin-crashes-to-58035-wiping-40-billion-from-crypto-ecosystem-in-24-hours\/\">crashed to $58,035<\/a>, briefly wiping about $40 billion from the wider <span>crypto<\/span> economy in a single day.<\/p>\n<h2>The Four-Year Math<\/h2>\n<p> <span>Bitcoin<\/span>\u2019s four-year cycle refers to the market\u2019s historical rhythm of a peak, a year-long contraction, and a recovery, loosely anchored to the network\u2019s halving schedule. The <span>bear markets<\/span> of 2014, 2018 and 2022 produced peak-to-trough declines in the range of 75% to 85%.<\/p>\n<p>Applying a 2022-style decline of roughly 70% to the October 2025 peak of $126,080 lands almost exactly on NYDIG\u2019s $38,000-$39,000 corridor, with the timing pointing to a potential floor by October 2026, four years after the last cycle\u2019s bottom.<\/p>\n<p>NYDIG stopped well short of calling the figure a forecast, noting that 2025 was <span>bitcoin<\/span>\u2019s least <span>volatile<\/span> year on record, which could compress the drawdown and produce a shallower landing than previous cycles. In an earlier note, the firm also observed that the classic capitulation markers have not yet appeared, writing that the market has seen \u201cno long-term-holder capitulation, no terminal insolvencies, and no reset.\u201d<\/p>\n<h2>Wall Street\u2019s Range of Answers<\/h2>\n<p>The $38,000 scenario is the most <a href=\"http:\/\/www.bitcoin.com\/get-started\/bull-market-vs-bear-market\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">bearish<\/a> of the major desk calls, given <a href=\"https:\/\/news.bitcoin.com\/k33-research-bitcoin-bear-market-bottom-60000-maximum-drawdown-2026\/\">K33 Research has argued<\/a> the opposite, i.e. the dip near $60,000 already represented this <a href=\"http:\/\/www.bitcoin.com\/get-started\/bull-market-vs-bear-market\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">bear market<\/a>\u2019s maximum drawdown, with consolidation between $60,000 and $75,000 ahead. Standard Chartered has similarly suggested the bottom formed around the $59,000 level, while Galaxy Digital has floated a decline toward $40,000.<\/p>\n<p>Separately, Cryptoquant CEO Ki Young Ju has warned the <a href=\"http:\/\/www.bitcoin.com\/get-started\/bull-market-vs-bear-market\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">bear market<\/a> could stretch into <a href=\"https:\/\/news.bitcoin.com\/cryptoquant-ki-young-ju-bitcoin-bear-market-2027\/\">early 2027<\/a>, while Grayscale sees <a href=\"https:\/\/news.bitcoin.com\/grayscale-sees-2-paths-out-of-bitcoin-bear-market-as-key-catalysts-near\/\">two paths<\/a> out of the downturn hinging on macro catalysts in the coming months.<\/p>\n<p>With more than half of all <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">BTC<\/a> sitting at an <a href=\"https:\/\/news.bitcoin.com\/why-is-bitcoin-crashing-worst-week-of-2026-59100-low-and-more-than-half-of-all-btc-now-in-the-red\/\">unrealized loss<\/a> (a condition that has accompanied every prior cycle floor), analysts agree the market is late in the contraction but are split on how much pain remains.<\/p>\n<p>NYDIG\u2019s own narrative leaves the question open, with the firm characterizing the market as leverage-driven rather than demand-driven (where value and momentum buyers are waiting on the sidelines).<\/p>\n<div class=\"not-prose my-3 lg:my-4\"><a aria-label=\"Read Now: Bitcoin Tops $65,500 as $209 Million in Crypto Shorts Collapse Across Markets\" class=\"block overflow-hidden rounded-lg !bg-[#E8EDFA] p-[9px] no-underline focus-visible:outline-none focus-visible:ring-2 focus-visible:ring-[#4169E1] focus-visible:ring-offset-2 flex flex-col md:hidden\" href=\"https:\/\/news.bitcoin.com\/bitcoin-tops-65500-as-209-million-in-crypto-shorts-collapse-across-markets\/\"><\/p>\n<div class=\"relative aspect-video w-full overflow-hidden rounded-[15px]\"><img alt=\"Bitcoin Tops $65,500 as $209 Million in Crypto Shorts Collapse Across Markets\" loading=\"lazy\" decoding=\"async\" data-nimg=\"fill\" class=\"object-cover\" style=\"position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent\" sizes=\"(max-width: 768px) calc(100vw - 18px)\" srcset=\"\/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F07%2Fbitcoin-tops-65500-as-209-million-in-crypto-shorts-collapse-across-markets-760x428.png&amp;w=32&amp;q=75 32w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F07%2Fbitcoin-tops-65500-as-209-million-in-crypto-shorts-collapse-across-markets-760x428.png&amp;w=48&amp;q=75 48w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F07%2Fbitcoin-tops-65500-as-209-million-in-crypto-shorts-collapse-across-markets-760x428.png&amp;w=64&amp;q=75 64w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F07%2Fbitcoin-tops-65500-as-209-million-in-crypto-shorts-collapse-across-markets-760x428.png&amp;w=128&amp;q=75 128w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F07%2Fbitcoin-tops-65500-as-209-million-in-crypto-shorts-collapse-across-markets-760x428.png&amp;w=256&amp;q=75 256w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F07%2Fbitcoin-tops-65500-as-209-million-in-crypto-shorts-collapse-across-markets-760x428.png&amp;w=384&amp;q=75 384w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F07%2Fbitcoin-tops-65500-as-209-million-in-crypto-shorts-collapse-across-markets-760x428.png&amp;w=640&amp;q=75 640w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F07%2Fbitcoin-tops-65500-as-209-million-in-crypto-shorts-collapse-across-markets-760x428.png&amp;w=828&amp;q=75 828w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F07%2Fbitcoin-tops-65500-as-209-million-in-crypto-shorts-collapse-across-markets-760x428.png&amp;w=1080&amp;q=75 1080w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F07%2Fbitcoin-tops-65500-as-209-million-in-crypto-shorts-collapse-across-markets-760x428.png&amp;w=1200&amp;q=75 1200w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F07%2Fbitcoin-tops-65500-as-209-million-in-crypto-shorts-collapse-across-markets-760x428.png&amp;w=1920&amp;q=75 1920w\" src=\"https:\/\/news.bitcoin.com\/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F07%2Fbitcoin-tops-65500-as-209-million-in-crypto-shorts-collapse-across-markets-760x428.png&amp;w=1920&amp;q=75\"\/><\/p>\n<h3 class=\"absolute inset-x-0 bottom-0 m-0 p-3 text-xl font-bold capitalize leading-[1.17] tracking-[-0.4px] !text-white\">Bitcoin Tops $65,500 as $209 Million in Crypto Shorts Collapse Across Markets<\/h3>\n<\/div>\n<div class=\"flex flex-col gap-2.5 px-1 pt-2.5 pb-1\">\n<p class=\"m-0 line-clamp-2 text-xs leading-[1.3] !text-[#67656E]\">Fueled by positive economic data, bitcoin added to its July 14 gains on Wednesday to breach $65,000, hitting an intraday\u2026<\/p>\n<p><span aria-hidden=\"true\" class=\"flex items-center justify-center rounded-pill bg-[#4169E1] text-sm font-medium text-white h-[38px] w-full\">Read Now<\/span><\/div>\n<p><\/a><a aria-label=\"Read Now: Bitcoin Tops $65,500 as $209 Million in Crypto Shorts Collapse Across Markets\" class=\"block overflow-hidden rounded-lg !bg-[#E8EDFA] p-[9px] no-underline focus-visible:outline-none focus-visible:ring-2 focus-visible:ring-[#4169E1] focus-visible:ring-offset-2 hidden md:flex md:flex-row md:gap-3 lg:hidden\" href=\"https:\/\/news.bitcoin.com\/bitcoin-tops-65500-as-209-million-in-crypto-shorts-collapse-across-markets\/\"><\/p>\n<div class=\"relative size-[150px] min-w-[150px] shrink-0 overflow-hidden rounded-[15px]\"><img alt=\"Bitcoin Tops $65,500 as $209 Million in Crypto Shorts Collapse Across Markets\" loading=\"lazy\" decoding=\"async\" data-nimg=\"fill\" class=\"object-cover\" style=\"position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent\" sizes=\"150px\" srcset=\"\/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F07%2Fbitcoin-tops-65500-as-209-million-in-crypto-shorts-collapse-across-markets-150x150.png&amp;w=32&amp;q=75 32w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F07%2Fbitcoin-tops-65500-as-209-million-in-crypto-shorts-collapse-across-markets-150x150.png&amp;w=48&amp;q=75 48w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F07%2Fbitcoin-tops-65500-as-209-million-in-crypto-shorts-collapse-across-markets-150x150.png&amp;w=64&amp;q=75 64w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F07%2Fbitcoin-tops-65500-as-209-million-in-crypto-shorts-collapse-across-markets-150x150.png&amp;w=128&amp;q=75 128w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F07%2Fbitcoin-tops-65500-as-209-million-in-crypto-shorts-collapse-across-markets-150x150.png&amp;w=256&amp;q=75 256w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F07%2Fbitcoin-tops-65500-as-209-million-in-crypto-shorts-collapse-across-markets-150x150.png&amp;w=384&amp;q=75 384w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F07%2Fbitcoin-tops-65500-as-209-million-in-crypto-shorts-collapse-across-markets-150x150.png&amp;w=640&amp;q=75 640w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F07%2Fbitcoin-tops-65500-as-209-million-in-crypto-shorts-collapse-across-markets-150x150.png&amp;w=828&amp;q=75 828w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F07%2Fbitcoin-tops-65500-as-209-million-in-crypto-shorts-collapse-across-markets-150x150.png&amp;w=1080&amp;q=75 1080w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F07%2Fbitcoin-tops-65500-as-209-million-in-crypto-shorts-collapse-across-markets-150x150.png&amp;w=1200&amp;q=75 1200w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F07%2Fbitcoin-tops-65500-as-209-million-in-crypto-shorts-collapse-across-markets-150x150.png&amp;w=1920&amp;q=75 1920w\" src=\"https:\/\/news.bitcoin.com\/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F07%2Fbitcoin-tops-65500-as-209-million-in-crypto-shorts-collapse-across-markets-150x150.png&amp;w=1920&amp;q=75\"\/><\/p>\n<div class=\"absolute left-2 top-2\"><img alt=\"Bitcoin.com News\" loading=\"lazy\" width=\"28\" height=\"28\" decoding=\"async\" data-nimg=\"1\" class=\"size-7\" style=\"color:transparent\" srcset=\"\/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=32&amp;q=75 1x, \/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=64&amp;q=75 2x\" src=\"https:\/\/news.bitcoin.com\/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=64&amp;q=75\"\/><\/div>\n<\/div>\n<div class=\"flex min-w-0 flex-1 flex-col justify-between gap-2\">\n<h3 class=\"m-0 line-clamp-3 text-xl font-bold capitalize leading-[1.17] tracking-[-0.4px] !text-[#1C1C1C]\">Bitcoin Tops $65,500 as $209 Million in Crypto Shorts Collapse Across Markets<\/h3>\n<p class=\"m-0 line-clamp-2 text-sm leading-[1.3] !text-[#67656E]\">Fueled by positive economic data, bitcoin added to its July 14 gains on Wednesday to breach $65,000, hitting an intraday\u2026<\/p>\n<p><span aria-hidden=\"true\" class=\"flex items-center justify-center rounded-pill bg-[#4169E1] text-sm font-medium text-white h-[38px] w-full\">Read Now<\/span><\/div>\n<p><\/a><a aria-label=\"Read Now: Bitcoin Tops $65,500 as $209 Million in Crypto Shorts Collapse Across Markets\" class=\"block overflow-hidden rounded-lg !bg-[#E8EDFA] p-[9px] no-underline focus-visible:outline-none focus-visible:ring-2 focus-visible:ring-[#4169E1] focus-visible:ring-offset-2 hidden lg:flex lg:flex-row lg:gap-4\" href=\"https:\/\/news.bitcoin.com\/bitcoin-tops-65500-as-209-million-in-crypto-shorts-collapse-across-markets\/\"><\/p>\n<div class=\"relative size-[150px] min-w-[150px] shrink-0 overflow-hidden rounded-[15px]\"><img alt=\"Bitcoin Tops $65,500 as $209 Million in Crypto Shorts Collapse Across Markets\" loading=\"lazy\" decoding=\"async\" data-nimg=\"fill\" class=\"object-cover\" style=\"position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent\" sizes=\"150px\" srcset=\"\/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F07%2Fbitcoin-tops-65500-as-209-million-in-crypto-shorts-collapse-across-markets-150x150.png&amp;w=32&amp;q=75 32w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F07%2Fbitcoin-tops-65500-as-209-million-in-crypto-shorts-collapse-across-markets-150x150.png&amp;w=48&amp;q=75 48w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F07%2Fbitcoin-tops-65500-as-209-million-in-crypto-shorts-collapse-across-markets-150x150.png&amp;w=64&amp;q=75 64w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F07%2Fbitcoin-tops-65500-as-209-million-in-crypto-shorts-collapse-across-markets-150x150.png&amp;w=128&amp;q=75 128w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F07%2Fbitcoin-tops-65500-as-209-million-in-crypto-shorts-collapse-across-markets-150x150.png&amp;w=256&amp;q=75 256w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F07%2Fbitcoin-tops-65500-as-209-million-in-crypto-shorts-collapse-across-markets-150x150.png&amp;w=384&amp;q=75 384w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F07%2Fbitcoin-tops-65500-as-209-million-in-crypto-shorts-collapse-across-markets-150x150.png&amp;w=640&amp;q=75 640w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F07%2Fbitcoin-tops-65500-as-209-million-in-crypto-shorts-collapse-across-markets-150x150.png&amp;w=828&amp;q=75 828w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F07%2Fbitcoin-tops-65500-as-209-million-in-crypto-shorts-collapse-across-markets-150x150.png&amp;w=1080&amp;q=75 1080w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F07%2Fbitcoin-tops-65500-as-209-million-in-crypto-shorts-collapse-across-markets-150x150.png&amp;w=1200&amp;q=75 1200w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F07%2Fbitcoin-tops-65500-as-209-million-in-crypto-shorts-collapse-across-markets-150x150.png&amp;w=1920&amp;q=75 1920w\" src=\"https:\/\/news.bitcoin.com\/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F07%2Fbitcoin-tops-65500-as-209-million-in-crypto-shorts-collapse-across-markets-150x150.png&amp;w=1920&amp;q=75\"\/><\/p>\n<div class=\"absolute left-2 top-2\"><img alt=\"Bitcoin.com News\" loading=\"lazy\" width=\"28\" height=\"28\" decoding=\"async\" data-nimg=\"1\" class=\"size-7\" style=\"color:transparent\" srcset=\"\/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=32&amp;q=75 1x, \/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=64&amp;q=75 2x\" src=\"https:\/\/news.bitcoin.com\/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=64&amp;q=75\"\/><\/div>\n<\/div>\n<div class=\"flex min-w-0 flex-1 flex-col justify-center gap-2\">\n<p><h3 class=\"m-0 min-w-0 flex-1 line-clamp-2 text-2xl font-bold capitalize leading-[1.17] tracking-[-0.48px] !text-[#1C1C1C]\">Bitcoin Tops $65,500 as $209 Million in Crypto Shorts Collapse Across Markets<\/h3>\n<p><span aria-hidden=\"true\" class=\"flex items-center justify-center rounded-pill bg-[#4169E1] text-sm font-medium text-white h-12 w-[180px] shrink-0\">Read Now<\/span><\/p>\n<p class=\"m-0 line-clamp-2 text-base leading-[1.3] !text-[#67656E]\">Fueled by positive economic data, bitcoin added to its July 14 gains on Wednesday to breach $65,000, hitting an intraday\u2026<\/p>\n<\/div>\n<p><\/a><\/div>\n<\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/nydig-bitcoin-bottom-38000-october\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways NYDIG sees a potential bitcoin cycle low near $38,000-$39,000 by October if a 2022-style drawdown repeats. Bitcoin is currently trading near $64,500, down about 30% in 2026 and roughly 50% below October 2025\u2019s $126,080 peak. K33 researchers believe the $60,000 area already marked this bear market\u2019s [&hellip;]<\/p>\n","protected":false},"author":3947362404,"featured_media":75491,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/75490"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362404"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=75490"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/75490\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/75491"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=75490"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=75490"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=75490"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}