Bitcoin’s 15% drop is only the start of the pain, says Galaxy

Galaxy Digital's Alex Thorn warned that Bitcoin recent 15% decline is likely the "first leg down" rather than short-term noise. He noted historical patterns suggest a 40% drop often extends to 50%, potentially pushing prices to $63,000. The sell-off, driven by $2 billion in liquidations and on-chain weakness, briefly took BTC below the cost basis of US spot ETFs.