As the market moves deeper into this cycle phase, the key qu

As the market moves deeper into this cycle phase, the key question is where a durable bottom may form .
 The UTXO Realized Price Distribution (URPD) which maps supply at different cost bases shows notable accumulation by newer buyers in the $70K-$80K range suggesting early positioning to absorb weakness . 
Below this, a dense supply cluster between $66.9K and $70.6K stands out as a high-conviction region . 
Historically, areas with concentrated cost basis act as shock absorbers where sell pressure is met by responsive demand .

.css-1iqe90x{box-sizing:border-box;margin:0;min-width:0;color:#EAECEF;}As the market moves deeper into this cycle phase, the key question is where a durable bottom may form .

As the market moves deeper into this cycle phase, the key question is where a durable bottom may form .