Wu Shuo learned that Rafael, co-founder of Glassnode, posted that Bitcoin has now entered the bottom valuation range of its historical cycle. On-chain data models suggest that the most probable bottom zone currently lies between $46,000 and $54,000 (CVDD to realized price range); in the event of extreme panic, a deeper support level could be found between $35,000 and $40,000. As the magnitude of drawdowns in each Bitcoin bear market continues to narrow, the probability of a severe decline is relatively reduced. On the upside, the first key area the market needs to reclaim is between $75,000 and $79,000. He emphasized that this is not a prediction—the exact bottom of Bitcoin cannot be confirmed in advance. https://t.co/5oePiXWbRq
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