Analyst: Bitcoin has returned to the key cost line, and short-term buyers are basically breaking even

ChainCatcher news, Gray Analyst Zach Pandl’s disclosure data shows that Bitcoin has rebounded over 20% from its low of approximately $63k in early February, with the current price around $76k, slightly above the average cost (realized price) of about $74k for buyers over the past 1 to 3 months, indicating that most short-term investors have returned to the break-even zone.

Analysis suggests that if the price continues to rise, more recent buyers will enter profit territory, which is often seen as one of the important signals of the early stage of a bull market. However, Bitcoin is still below its October high last year. Market views indicate that this round of rebound may have already formed a relatively stable, phased bottom in the $65k to $70k range.