Bitcoin Stabilizes at $60k: The 'Calm After the Storm' Analysis

Bitcoin Stabilizes at $60k: The 'Calm After the Storm' Analysis

Wednesday, February 11, 2026 — After the chaos of yesterday's liquidation cascade, the crypto markets have entered a period of tense stabilization. Bitcoin is currently trading sideways in the $60,000 - $61,500 range, a sign that the immediate leverage flush may be complete.

The "Dead Cat" or The Bottom?

Technical analysts are divided.

1. The Bull Case: The $60k support level (a major psychological and historical zone) held firm despite massive selling pressure. Funding rates have reset to neutral, suggesting the market is healthier.
2. The Bear Case: Failure to reclaim $66,000 quickly could turn this consolidation into a "bear flag," setting up for another leg down to $52k.

On-Chain Signals: Whales are Buying

While retail traders were panic-selling yesterday, on-chain metrics reveal that addresses holding 100+ BTC added significantly to their stacks during the dip below $61k. This divergence—Retail Selling vs. Whale Buying—is often a classic bottom signal.

Action Item

Wait for Confirmation. Don't leverage long yet. Look for a daily candle close above $62,500 to confirm strength. Use ByteNotes to track key levels and avoid emotional trading.