Bitcoin On-Chain Data Hints At Macro Bottom Near $47,960 – Details

AI Briefing

• – Bitcoin's cumulative value days destroyed (CVDD) metric suggests a macro bottom near $47,960, a level that marks a new cost basis for long-term holders and potential support.
• – The CVDD price floor, established during the bear market, could lead to a significant rebound if Bitcoin dips to this level.
• – Historical data shows consistent proof of a major rebound at the CVDD floor, with Bitcoin experiencing a similar price increase after reaching this level in the past.