Bitcoin’s RSI Hits Rock Bottom: Even Mt. Gox is Like, “Dang, That’s Low”

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Bitcoin’s RSI is so low, it’s basically doing the limbo under every major crash in history. Meanwhile, ETFs are like, “We’re out.”

Well, well, well. Bitcoin just decided to break out its drama queen tiara and give us a technical reading that’s more extreme than Liz Lemon’s coffee intake. According to Ash Crypto, the weekly RSI has plunged into the mid-20s, which is basically Bitcoin saying, “Hold my latte, I’m going lower than Mt. Gox, 2018, COVID, and FTX combined.” Yes, it’s that bad. Or good? Depends on whether you’re a glass-half-full or glass-thrown-at-the-wall kind of person.

Bitcoin’s RSI: The Only Thing Lower is My Patience for Conference Calls

Trading at $64,000 (which, let’s be honest, still sounds like a lot of money to me), Bitcoin’s weekly RSI is now in territory so rare, it’s like finding a unicorn at a Times Square hot dog stand. Historically, major cycle lows have formed when the RSI hit 30-35. But Bitcoin’s like, “Nah, I’m going full ‘I’m not okay’ mode.” Even capitulation phases are like, “Dude, chill.”

BITCOIN JUST MADE HISTORY.

But it’s the kind of history where you’re like, “Maybe we should just burn the history book.”

Bitcoin weekly RSI has hit its lowest point ever. Lower than:

– The Mt. Gox hack (which was basically Bitcoin’s “I’m not mad, just disappointed” moment)

– The 2018 bottom (when everyone was like, “Crypto? More like cry-pto”)

– The COVID crash (when toilet paper was more stable than Bitcoin)

– The FTX fiasco (which was just… chef’s kiss)

– Ash Crypto (@AshCrypto)

Meanwhile, open interest has dropped by 50%, which is basically the market saying, “I’m taking my ball and going home.” Traders are closing positions faster than I avoid eye contact with my neighbors. And the price? Still higher than past-cycle lows, but who’s counting?

Image Source: CryptoQuant (aka the place where charts go to die)

Liquidations are happening faster than a 30-second sitcom joke, but the spot price is like, “I’m just gonna take my sweet time.” In previous cycles, this would’ve been followed by a big price move, but now it’s just… crickets. Or maybe the sound of ETFs crying into their spreadsheets.

Bitcoin’s Valuation: Closer to Support Than My Last Relationship

On-chain data is showing more pressure than a reality TV reunion special. The MVRV ratio is at 1.1, which is basically Bitcoin’s version of “I’m fine, everything’s fine.” In past cycles, market tops were above 2.5, and mid-cycle was 1.5-2.0. Capitulation? That’s 1.0. So we’re close, but not quite at “sell your shoes” levels yet.

Image Source: CryptoQuant (still crying)

Institutional flows? Weaker than my willpower around a box of donuts. Spot Bitcoin ETFs have seen $1.2 billion in monthly net outflows, which is just… ouch. During the 2024-2025 rally, ETFs were like, “We’re all in!” Now they’re like, “We’re all out.” Thanks, guys.

Image Source: TradingView (where hope goes to die)

Short-term momentum is stabilizing, which is like saying, “The fire’s still burning, but at least it’s not spreading.” The five-hour RSI bounced back toward neutral, so immediate selling pressure is taking a nap around $64,000. But higher timeframes? Still deeply oversold. It’s like Bitcoin’s having a midlife crisis across multiple dimensions.

So, what’s next? Who knows. But if history’s any indication, Bitcoin’s either about to bounce back harder than a TGS writers’ room joke, or it’s going to keep us all on the edge of our seats. Either way, grab your popcorn (and maybe a therapist). This is gonna be a ride.

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2026-02-25 08:46