Bitcoin is currently in the final stage of a deep correction cycle, with on-chain indicators showing:


• Valuation has compressed strongly (MVRV Z-Score ~0.2)
• Weak hands are capitulating (SOPR < 1)
• Smart money (Whale + LTH) is accumulating
This is a structure that often appears before strong growth phases in history. However, in the short term, there is still volatility risk due to ETF flow and market leverage.
Key implication:
The current 58,000 – 60,000 USDT range is a zone with good accumulation quality on-chain. This is not the "cheapest in history" zone, but it is one of the most reasonable zones to build a long-term position in this cycle.
BTC5.12%
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