btcfloor

Co-founder of Glassnode, Raphael Schultze-Kraft, has brought in the heavy artillery of on-chain metrics, indicating that the current prolonged Bitcoin downturn has pushed the market into an extreme oversold zone, where the price is just 7% from its entire trading history. According to his calculations, based on the aggregated value of the realized profit/loss (STH-SOPR) and levels of strong on-chain liquidity clusters, a concrete bottom is set in the range of $48,500–$54,500, which perfectly aligns with the key support of the 300-week moving average (300 WMA).

The apocalyptic scenario of a drop to $35,000–$40,000 is convincingly dismissed by the expert as statistically negligible; however, for a full break of the bearish trend, bulls must absolutely take and hold the $75,000 level. As long as BTC is hovering around $63,000 under the pressure of ETF outflows, local dips into the $50k+ zone should be viewed not as a reason to panic but as the final and juiciest opportunity for long-term accumulation.

#Bitcoin #Glassnode #OnchainAnalysis #BTCFloor #CryptoTrading2026