๐ Bitcoin Buyers Underwater for 5 Months: Is the Market Near a Bottom?
Bitcoin has remained below the average cost basis of many recent buyers for nearly five months, keeping a large portion of the market in unrealized losses.
๐ Key Market Signals
โข Active investors' breakeven: ~$76.6K
โข Recent buyers' breakeven: ~$72.2K
โข Long-term holders are realizing around $280M in daily losses, the highest level since late 2022.
โข U.S. spot Bitcoin ETF outflows have slowed significantly, improving from roughly $193M/day in early June to $84M/day.
๐ What This Could Mean
Persistent losses often signal the later stages of a market correction as weaker hands exit. At the same time, slowing ETF outflows suggest institutional selling pressure may be easing.
However, a confirmed bottom has not formed yet.
For a stronger bullish signal, traders should watch for:
โ Reduced loss realization by long-term holders.
โ Stable or positive Bitcoin ETF flows.
โ BTC reclaiming and holding the $72.2Kโ$76.6K cost-basis zone as support.
Until these conditions are met, patience and disciplined risk management remain more important than trying to catch the exact bottom.
#Bitcoin #Crypto #ArifAlpha
Bitcoin has remained below the average cost basis of many recent buyers for nearly five months, keeping a large portion of the market in unrealized losses.
๐ Key Market Signals
โข Active investors' breakeven: ~$76.6K
โข Recent buyers' breakeven: ~$72.2K
โข Long-term holders are realizing around $280M in daily losses, the highest level since late 2022.
โข U.S. spot Bitcoin ETF outflows have slowed significantly, improving from roughly $193M/day in early June to $84M/day.
๐ What This Could Mean
Persistent losses often signal the later stages of a market correction as weaker hands exit. At the same time, slowing ETF outflows suggest institutional selling pressure may be easing.
However, a confirmed bottom has not formed yet.
For a stronger bullish signal, traders should watch for:
โ Reduced loss realization by long-term holders.
โ Stable or positive Bitcoin ETF flows.
โ BTC reclaiming and holding the $72.2Kโ$76.6K cost-basis zone as support.
Until these conditions are met, patience and disciplined risk management remain more important than trying to catch the exact bottom.
#Bitcoin #Crypto #ArifAlpha