CryptoQuant Analyst Flags $50,000 as Key Bitcoin Bottom Level

Long-term Bitcoin holders are realizing the lowest profits of the current market cycle, according to CryptoQuant analyst Darkfost. With Bitcoin trading near $64,000 and this cohort’s average cost basis estimated at around $48,000, realized profits have fallen to roughly 32%, a steep drop from the 350% level recorded in December 2024.

Even so, Darkfost said the market has not yet reached conditions typically associated with a bear market bottom. He noted that previous cycle lows were characterized by long-term holders beginning to realize losses, a scenario that would likely require Bitcoin to fall below $50,000. While that outcome remains possible, he emphasized that it is far from certain.

Source: CryptoQuant