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9 Indicators Suggest Bitcoin Is Near A Major Bottom

Watch on YouTube ↗  |  June 27, 2026 at 13:00  |  12:04  |  Milk Road Macro
Speakers
Matt Crosby — Co-host, The Cryptoverse
Kyle Reidhead — Head of Research, Milk Road

Summary

Matt Crosby from Bitcoin Magazine Pro argues Bitcoin is near a major bottom using nine indicators: RSI oversold at $60K, record stablecoin rotation signaling capitulation, extreme bearish sentiment, and relative purchasing power support. He extends the contrarian view to US equities, citing all-time low consumer sentiment and record put volume. The host questions a chart level that also preceded the 2022 bear market.

  • Bitcoin RSI and a double bottom at $60K historically led to good accumulation opportunities.
  • Retail capital momentum indicator based on stablecoin dominance shows the 7th largest rotation out of risk assets, signaling dictionary-definition capitulation.
  • Bitcoin social media sentiment turned to pure hatred, historically a contrarian buy signal.
  • Bitcoin's relative purchasing power as a share of global capital at 0.23% has been a key turning point with three prior immediate bounces.
  • US consumer sentiment hit its lowest level ever, and record put volume on SPY and QQQ both marked prior market bottoms, supporting upside for equities.
  • Host notes the same relative-purchasing-power level also preceded the 2022 bear market drop to $16K, cautioning it could act as resistance.
Ideas
Matt Crosby Co-host, The Cryptoverse 0:21
Bitcoin capitulation signals near major bottom.
Bitcoin is in a capitulation phase near $60K, supported by an RSI-driven double bottom, the seventh largest rotation out of risk-on assets into stablecoins on record, pure hatred sentiment on social media, and on-chain supply/demand exhaustion. Relative purchasing power measured as a share of total global capital is at 0.23%, a level that acted as a key turning point with three prior bounces. Historical RSI oversold instances were good accumulation opportunities, and waiting for $55K risks missing the move.
BTC HIGH
Matt Crosby Co-host, The Cryptoverse 6:37
Extreme bearish sentiment marks equity bottom.
US consumer sentiment just hit its lowest level ever, and extreme bearishness is historically a generational accumulation opportunity for equities. Record put volume on SPY and QQQ shows investors are betting heavily on downside, which has marked market lows without exception. Manufacturing ISM PMI just crossed above 50, signaling expansion. Being a contrarian against extreme pessimism points to more upside for the S&P 500 and Nasdaq.
QQQ SPY HIGH
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This Milk Road Macro video, published June 27, 2026, features Matt Crosby discussing BTC, QQQ, SPY. 2 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Matt Crosby  · Tickers: BTC, QQQ, SPY