During what many described as a bull market in 2025, Bitcoin’s price traded at historically elevated levels. That’s mostly because leverage expanded, and the participation from institutions increased. Price predictions also picked up the pace during that time, with some analysts discussing targets well above six figures, as well as longer-term projections which extend into the next decade.

That optimism quickly faded after Bitcoin peaked near $126,000 in October. A subsequent flash crash triggered approximately $19 billion in leveraged liquidations on October 10th, accelerating downside pressure in what became the worst day for leverage traders in crypto history. Prices continued to decline and trade in a painfully suppressed range through November and December, reaching a low near $84,400 before stabilizing around $89,000.

Since then, leverage has remained subdued, and speculative volume has contracted, leaving the market in a consolidation phase.

Forecast Dispersion Keeps Crash Risk in Focus

Current outlooks vary widely. Some models still anticipate a rebound toward the $150,000 range in 2026 if macro conditions stabilize. At the same time, downside scenarios are actively discussed. Citigroup has outlined a bear case near $78,500 tied to recession risk, while Capriole Investments founder Charles Edwards has warned of sub-$50,000 outcomes by 2028 if protocol-level risks remain unresolved. Bloomberg Intelligence analyst Mike McGlone has modeled deeper mean-reversion scenarios that could drive prices materially lower during a prolonged unwind.

The breadth of these projections reflects ongoing uncertainty around liquidity, leverage behavior, and risk appetite.

Why Downturns Shift Attention to Infrastructure

During extended corrections, there’s usually a notable shift in attention away from price targets and toward how supporting systems behave under stress. As the leverage volume (which is also speculative in its nature) contracts, transaction costs, confirmation reliability, and operational complexity become far more visible. This is far more true for networks that were optimized for settlement security.

Bitcoin’s base layer prioritizes decentralization and finality, which constrains throughput and makes fees during periods of congestion a lot less predictable. Scaling solutions aim to address these constraints, but many introduce technical overhead that becomes harder to manage when liquidity tightens and participation drops. As a result, secondary infrastructure designed to operate alongside Bitcoin is often reassessed during these phases.

Bitcoin Everlight’s Role in the Current Market Phase

Bitcoin Everlight is positioned as a lightweight transaction layer intended to complement Bitcoin without modifying its protocol or consensus rules. The project focuses on improving transaction usability during both high-activity and low-liquidity market conditions. In this context, for Bitcoin, cost predictability and operational simplicity become more important.

The project operates through specialized nodes that route and validate lightweight transactions without maintaining the full Bitcoin blockchain.

This is intended to reduce the hardware requirements and, by extension, to lower the barrier to entry. Transactions are confirmed through distributed node coordination. This allows for faster confirmation times, while fees are structured as predictable micro-fees that remain stable even as base-layer congestion increases. For higher-assurance use cases, the network supports periodic anchoring of transaction batches back to the Bitcoin blockchain.

Node Participation and Network Incentives

Network participation in Bitcoin Everlight is tied to actively contributing to the operations of the system. Nodes earn compensation through actively routing transactions, as well as network incentives linked to uptime and successfully processed transaction flow. Routing priority adjusts dynamically based on performance metrics. This means that nodes that maintain consistent availability and efficient processing receive greater transaction flow. On the flipside, those nodes, which fail to meet required thresholds, are deprioritized until operational standards are restored. This will have a direct impact on compensation.

Bitcoin Everlight has published third-party verification materials intended for independent review. Code security has been assessed through the SpyWolf Audit and the SolidProof Audit. Team identity verification has been completed through SpyWolf KYC Verification and Vital Block KYC Validation. These disclosures address common due-diligence requirements during a period of heightened scrutiny across the digital asset sector.

Tokenomics and Presale Structure

Bitcoin Everlight is designed with a fixed total supply of 21,000,000,000 BTCL. As of this amount, 45% is allocated to the public presale, with the remainder distributed across node rewards and network incentives, liquidity provisioning, ecosystem development, and to ensure long-term alignment of contributors.

The presale will go through 20 stages, all of which are predefined and will introduce the supply gradually. The pricing starts at $0.0008 during the earliest stage and will increase incrementally as the stages progress. The allocation during the presale is subject to vesting conditions. These are designed to limit sudden supply changes and to also align participation with sustained network operations. Within the system, BTCL functions as the utility token used for transaction routing fees, node participation eligibility, and distribution of performance-based network incentives.

What the Current Setup Signals

Whether or not Bitcoin goes through a new major drawdown will heavily depend on how leverage, liquidity, and macro conditions evolve from here on out. A significant liquidation event has already taken place while the prices remain relatively close to structural lows. Price predictions continue to span a considerably wide range of outcomes, which is a definitive sign of uncertainty among analysts.

In this environment, projects that are built around transaction utility, as well as operational resilience, tend to attract more attention because they seem independent of short-term price conditions.  Bitcoin Everlight is being evaluated in that context, with emphasis placed on its audited codebase, node-based architecture, predictable fee structure, and defined presale mechanics.

Learn More About BTCL:

Website: https://bitcoineverlight.com/
Security: https://bitcoineverlight.com/security
How to Secure: https://bitcoineverlight.com/articles/how-to-buy-bitcoin-everlight-btcl

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Filed under: Bitcoin - @ January 26, 2026 11:10 am