BTC Traders Eye $50K as Possible Bottom: Key Metrics to Watch This Week

Market participants are focused on the $50,000 price level as a possible bottom after Bitcoin briefly flashed below $60,000 and later bounced above $70,000; commentators say there is no consensus that the bottom has been reached yet ^[1][4].

The pullback produced heavy selling pressure: one report put the drawdown at about 17%, with roughly $2.7 billion in liquidations and more than 588,000 traders affected, while ETF outflows of about $817 million were also cited as a factor in reduced liquidity ^[3].

At the same time, some outlets flagged rare technical signals that proponents say could imply large upside if confirmed, while other analysts point to deleveraging and stabilization dynamics as signs the market may be entering a pause before the next directional move ^[2][6].

Traders will be watching several objective metrics this week — the $50,000 price area, liquidation and ETF flow figures, and the persistence or failure of any technical signals — to assess whether recent volatility marks a durable bottom or a temporary reprieve ^[1][3][2].