Bitcoin's price bottom may settle between $62,000 and $65,000 if no black swan events occur, according to analyst @Murphychen888. The analyst notes that a reversal in long-term holders' (LTHs) net holdings typically signals a price bottom. Since February 10, 2026, LTHs have increased their holdings by approximately 324,000 BTC, while short-term holders (STHs) reduced their holdings by 184,000 BTC, with some transitioning to LTHs. Historically, LTH net holdings have indicated market bottoms, as seen in July 2022 and July 2019, barring extreme events like the FTX collapse and the "3/12" event. The current increase in LTH net positioning suggests a shift in supply and demand dynamics, with more STHs holding steady and believers accumulating, potentially pushing the bottom higher and accelerating consolidation.