According to a fresh @CoinDesk report by Editor Shaurya Malwa, Bitcoin may be inching toward historically significant accumulation territory — but we're not quite there yet.
BTC currently trades about 21% above its realized price, meaning most holders are still in profit. That gap has compressed rapidly from a ~120% premium in late 2024 down to 21% now — a fast-moving compression phase, but not a completed market reset. (CoinDesk)
On-chain indicators show no capitulation event and no broad institutional surge in demand. This suggests a deeper pullback toward the realized price near $54,000 may be needed to truly mirror past cycle bottoms. (CoinDesk)
In short: Bitcoin is closer to its "buy zone" than it's been in three years, but the capitulation that typically precedes those bottoms hasn't happened yet.
By Shaurya Malwa CoinDesk
