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

Mars Finance reports that Grayscale analyst Zach Pandl disclosed data showing 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. Analysts believe that if the price continues to rise, more recent buyers will enter profit territory, which is often seen as an important signal of the early stage of a bull market. However, Bitcoin is still below its October high last year. Market opinions suggest that this rebound may have already formed a relatively stable cyclical bottom in the $65k to $70k range.