Bitcoin enters deep value zone as selloff extends across crypto market
Bitcoin is sliding further at the weekend, falling back to levels seen earlier this year as broader crypto losses deepen. The move leaves the token down 13.5% over the past week, while analysts say the latest wave of selling reflects another capitulation phase after its record high.
Highlights
- Bitcoin fell nearly 3% over the weekend to a three-month low of $65,000, returning to the lower end of its 2024 trading range.
- Ether declined 18%, XRP dropped 16.3%, and solana fell 18% over the past week, illustrating broad-based risk-off sentiment in crypto.
- Analyst James Check notes the market's fourth capitulation event since bitcoin's all-time high, with current prices in a 'deep value' zone, suggesting potential interest from long-term buyers.
Weekend decline pushes bitcoin to three-month low
As reported by CoinDesk, bitcoin has dropped nearly another 3% since the U.S. stock market closed on Friday evening, touching a fresh three-month low of $65,000. The decline brings the largest cryptocurrency back to the lower end of its earlier 2026 trading range.The broader digital asset market is also under pressure. Ether is down 18% over the past week, XRP has lost 16.3%, and solana is lower by 18%, underscoring the scale of the latest risk-off move across crypto assets.
Analyst James Check says the market is now going through a fourth capitulation event since bitcoin's all-time high. He adds that many investors now locking in losses appear to be buyers who hesitated when bitcoin traded in the mid-to-high $60,000s last summer and then entered at higher levels above $80,000 in September.
Capitulation signals and market implications
Check describes the current price area as a "deep value" zone, a level he says was last seen in February and late June this year, and before that during the crypto winter in late 2022. In his view, that does not confirm that the market has reached a bottom, but it suggests long-term buyers may be approaching historically more attractive entry levels.The latest slide highlights how quickly momentum has reversed in crypto after earlier strength, with losses spreading beyond bitcoin into major alternative tokens. For the sector, the pullback points to persistent volatility and a market still vulnerable to sharp sentiment shifts as traders reassess risk and recent high-price entries.
We have also discussed the broader context around crypto liquidations as Bitcoin slipped below $67,000 during a market-wide sell-off.
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