Don't panic! Bitcoin is currently "bottoming out," and the buy signal has actually already lit up.
Recently, this wave of market movements has indeed crushed the mentality of many people. Since the peak in October last year, Bitcoin (BTC) has halved directly, with a drop of nearly 50%. At such times, fear is often more terrifying than the price itself.
However, if you take a closer look at the data, you might find that this could be the eve of the market's "turnaround."
According to Bloomberg's analysis, combining multiple historical indicators, this wave of sell-off may have reached its end. A very key signal is the MVRV Z-Score, which is considered a benchmark by seasoned investors; it has now dropped to around 0.38—historically, this usually means that the asset is severely undervalued, belonging to the extreme zone of "no further decline."
Of course, the technical side also has strong support. Around $54,000 is the market's "realized price," which is the average cost area for all holders; while further up to $58,000 is the dividing line between bulls and bears—the 200-week moving average. As long as these defense lines hold, the foundation for the larger trend remains.
Therefore, looking at it comprehensively, the true "golden pit" range for BTC is likely between $45,000 and $55,000.
However, it's unrealistic to expect an immediate surge. As Bloomberg has reminded, although the bottom is approaching, truly climbing out of the mire still requires "fresh water" to flow in. The good news is that capital has already started moving. In just the past month, spot ETFs have crazily attracted over $1.6 billion, with top funds like BlackRock's IBIT and VanEck's HODL aggressively buying up.
What does this indicate? It indicates that institutional big money is taking advantage of the panic to gather chips.
The current market is in a subtle "bottoming" state. For long-term players, this may be the last darkness before dawn; while for short-term speculators, the volatility remains intense, and bottom fishing requires buckling up. $BTC $ETH $BNB #特朗普称伊朗战事接近尾声 #AI交易指南
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The total global crypto market capitalization has seen a decline recently, with some sources indicating a drop below the $3.8 trillion level. $BTC has seen downward pressure. Recent quotes show $BTC trading around $106,000 to $109,000, having fallen below some key support levels. Technical analysis suggests a volatile range, with traders watching support around $104,000 and resistance near $115,000.