📰 【Analyst: If no extreme black swan events occur, the $60,000 range is expected to become the bottom of this bear market】

BlockBeats reported on May 5 that analyst (@Murphychen888) posted that the trend reversal in long-term holders (LTH) net positions is usually seen before Bitcoin’s price hits bottom, and the easing of pressure on the supply side creates conditions for bottom formation. Since February 10, 2026, the LTH net position has started to rebound, increasing by approximately 324,000 BTC in total by April 30. In the same period, short-term holders (STH) reduced their holdings by 184,000 BTC, with some moving into new LTH. After deducting this conversion, the original LTH proactively increased their holdings by about 140,000 BTC, becoming an important force driving the growth of LTH holdings. Meanwhile, ...

Brothers, I’ve been staring at the charts so hard my eyes are almost blind. I just saw an analyst calling that as long as there’s no black swan, $60,000 will be the iron bottom of this bear market. That sounds comforting, but brothers, the crypto space is never short of “black swans.” The LTH crew—those old foxes—are quietly accumulating. This data is indeed solid, but don’t take it as an all-clear pass. This market is a game; anyone who shouts a bottom is a liar, and only what’s bought with real gold and silver is the truth. Stay on guard—don’t fall before dawn.

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