These bitcoin metrics suggest February’s $60,000 selloff may have marked the bottom
CoinDesk
Multiple on-chain and derivatives indicators suggest that Bitcoin's February dip to $60,000 likely served as the cycle's market bottom.Summary
Analysis of on-chain metrics, including Realized Cap and the RHODL Ratio, indicates that Bitcoin’s February decline to $60,000 may have established a market bottom. Realized Cap has stabilized after significant wealth destruction, while the RHODL Ratio shows long-term holders dominating supply. Additionally, persistent negative perpetual funding rates during the spring suggest an exhaustion of selling pressure, mirroring historical patterns observed during previous major market lows.
(Source：CoinDesk)