Bitcoin Is in Deep Value Zone, Yet $53K Drop Cannot Be Ruled Out
The post Bitcoin Is in Deep Value Zone, Yet $53K Drop Cannot Be Ruled Out appeared on BitcoinEthereumNews.com. Bitcoin shows signs of bottoming, but capitulation, ETF outflows, and defensive options markets still threaten recovery. Bitcoin’s market appears to be in the later stages of a bear market, but the signals confirming a broader turnaround have not yet emerged. On-chain data shared by Glassnode shows the asset has recovered from $57,800 to nearly $63,000 over the past week, but it remains below both the True Market Mean of $76,600 and the Short-Term Holder Cost Basis of $72,200. This leaves the asset in a “deep value” zone. BTC Bottoming Bitcoin has now spent about five months trading below both of these levels – one of the longest discount periods in its history. According to Glassnode, such long periods have historically provided the foundation for cyclical bottoms as investors accumulate at prices below the average cost of recent buyers and the broader active market. Howeve