Bitcoin's Accumulation Zone: Not Quite There Yet
Bitcoin & Crypto News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Bitcoins current price hovers around $67,500, but on-chain data suggests its not yet a prime buying spot. In past bear markets, the true bottom was reached when bitcoins spot price dipped below its realized price, creating solid accumulation zones. Today, were still at a 21% premium over realized price, indicating most holders are profitable. To touch realized price, wed need a drop to about $54,000, another 20% down. Despite recent global tension and ETF inflows, the market hasnt felt that full reset pain, so buyers might want to watch metrics a bit longer.
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