Bitwise's European Research Director, André Dragosch, has identified key 'max pain' levels for Bitcoin, suggesting potential market bottoms. According to Dragosch, these levels are around $84,000, corresponding to IBIT's holding cost, and $73,000, aligning with MicroStrategy's cost. He indicated that reaching either of these price points could signal a market reset, akin to a 'clearance sale' for the current cycle.