Bitcoin CVDD Data Points To Possible Bottom Amid Market Mayhem – Detail
Bitcoin has fallen sharply in June, dropping about 16% in a week and roughly 50% from its all-time high, with price near $60,000. The decline has come alongside Strategy selling a small amount of BTC to manage its balance sheet. On-chain analysis suggests Bitcoin may be approaching a major bottom zone: the CVDD-based historical range points to a likely floor between $46,000 and $54,000, while a deeper capitulation scenario could reach $35,000–$40,000. Bitcoin has also fallen below the median holder’s breakeven level and the 200-week moving average, which adds downside risk. Still, historical cycle drawdowns have become progressively shallower, making the higher bottom range more probable. Key support metrics include realized price near $54,000, balanced price near $40,000, and delta price near $35,000. A recovery would likely require reclaiming $75,000–$78,000.
