CryptoQuant.com
What is the worst that we should be prepared for Bitcoin bottom?
Various on-chain price models signal a possible market bottom formation. - Realized price($21,592): One of the most widely used price valuation models to estimate bitcoin price bottoms is the realized price, the average price at which all bitcoin in existence last moved. Historically, bitcoin bottomed below the realized price. If the price has declined below the realized price, other price models are used to estimate the bottom. - Delta price($14,478): Historically, the market had reached a bottom when the price touched the delta price as in the 2015 and 2018 bear markets. The delta price indicates price could still fall by 28%. - Thermo price($2,365): It measures the historical price at which all bitcoins were first created (mined). It signaled the market bottom in 2011. However, the gap between bitcoin’s current market price makes it less probable to serve as a bottom indicator for this cycle. With the worst macro-environment bitcoin has ever faced, what would be the ultimate bottom?