📍Bear market hits bottom—batch buying is the correct investment approach

On August 12, well-known trader DoctorProfit posted that a historical indicator for Bitcoin is sending a signal that a “bottom has already formed or is very close.” In 2015, 2019, and 2022, the bear-market bottom formation phase also began when the 3- to 6-month holders’ realized price crossed below the 1- to 2-year holders’ realized price. He believes this means newer buyers capitulate in losses and sell, and Bitcoin gradually shifts into the hands of longer-term holders. This crossover is now occurring for the fourth time, while the BTC price is below the average cost of both types of holders.

However, historically, this signal does not immediately lead to a reversal. Bitcoin typically still goes through several months of sideways movement to complete the base-building process, so this phase can also be viewed as a long-term accumulation period. He says the market is currently in the bear-market bottom formation and long-term accumulation stage. Doctor Profit stated that over the past few weeks, he has been buying BTC in batches within the $54,000 to $64,000 range, and will continue building his position gradually using a method of 5% per tranche each time.