Looking at past price movements, it’s possible Bitcoin might be close to reaching its lowest point in this current downturn. However, current buying activity suggests it could still take some time for the price to fully recover.
A new report from CryptoQuant suggests that Bitcoin’s price hasn’t hit a definitive low yet. Unless Bitcoin sees a substantial price increase in the next few weeks, it could fall even further.
Is BTC Near a Bottom?
After falling to a recent low of $59,000 last week, Bitcoin is now trading about 9% above its ‘realized price’ of $53,600. Experts believe this price level has often signaled the end of previous bear markets. The realized price represents the average price all Bitcoin owners originally paid for their coins, and it’s considered a key indicator of value within the Bitcoin network.
Historically, bear markets for Bitcoin have always bottomed out at prices around or slightly below what’s known as the ‘realized price’. The only instance where Bitcoin quickly bounced back after falling below this price was in November 2022, during the collapse of the FTX exchange. This suggests Bitcoin might be nearing a long-term bottom, potentially marking the start of a period where investors begin to buy and accumulate it.
Although information directly from the blockchain seems positive, current market demand tells a different story. Bitcoin needs consistently high demand to recover significantly, but both short-term speculative buying and regular purchases appear to be decreasing. This suggests a strong price increase might take a while to happen.
Overall demand, including both immediate and future purchases, dropped by 652,000 last week – the biggest decrease since January 2022. Even demand for long-term, ongoing purchases has declined, hitting its lowest point since February 2024.
Demand Conditions Unfavorable for Bullish Reversal
As a crypto investor, I’m watching the recent trends in spot ETFs closely, and it’s concerning to see them shrinking so quickly – faster than at any point since they launched back in January. Analysts are saying demand has actually turned negative over the last 30 days, which is pretty unusual. It looks like big U.S. institutions have stopped buying, and some are even selling, adding more supply to the market.
Also, Bitcoin investors who have sold at a loss haven’t reached a point where mass selling is happening. This means sellers aren’t finished yet, and we haven’t seen a major wave of panicked selling.
As a researcher, I’m watching the market closely, and right now, I believe this price level *could* be a bottom, but it’s too early to say for sure. We need to see consistent demand, positive flows into ETFs, and a final flush of selling – what we call ‘capitulation’ – before I can confidently call this a cycle bottom. Until then, it’s best to consider it a potential floor, not a confirmed reversal.
Read More
- Gold Rate Forecast
- Green Game Jam returns with 70 games teaming up to tackle the climate crisis
- PI PREDICTION. PI cryptocurrency
- USD BRL PREDICTION
- USD HKD PREDICTION
- Black Clover Confirms Special Chapter After Manga Finale
- Eva Longoria Reunites With Tony Parker 15 Years After Cheating Scandal
- Brent Oil Forecast
- EUR HKD PREDICTION
- Seven Snipers Review: A Sharpshooter Action Movie That Misses More Than It Hits
2026-06-14 13:42