Bitcoin's trade between $60,000 and $70,000 may be a temporary pause in a broader bottoming process rather than an unprecedented calm floor, Jiang Zhuoer said in a post on X. He described the current market as showing "insufficient losses" and limited volatility, conditions he argued have not typically marked a durable low. Jiang also said Bitcoin's previous three major bottoms were accompanied by heavier losses and sharper swings. Pointing to the 2018 bear market, he said Bitcoin repeatedly tested support near $6,000 and then traded sideways in a $6,000-$7,000 band for about two and a half months before dropping to around $3,000. In his view, the current nearly two-month range resembles that earlier period, and investors should stay alert to the risk that short-term stability could still give way to another leg lower.