Crypto

Bitcoin remains deeply undervalued for fifth month, rebound stalls as long-term holders sell at a loss

Bitcoin has stayed in a “deep undervaluation” zone for five months, trading below the average cost basis of major investors, an analysis showed. Glassnode said a bottoming process is under way but not complete, with further downside still possible toward the realised price of $53,000. It pointed to loss-taking by holders of 155 days or more as the main pressure, while institutional demand remains weak as spot bitcoin ETFs see net outflows and derivatives signals are mixed.

Crypto

More than half of bitcoin in circulation held at a loss; K33 calls it a historical bottom signal

More than half of bitcoin in circulation is now being held at a loss, an analysis said, suggesting the cycle’s bottom may be near. Digital asset broker K33 said the metric has often been used as a late-stage bear-market signal, with bottoms typically forming within weeks, though 2014 was an exception. K33 also warned this cycle could differ due to major sellers such as spot bitcoin ETF holders, as fund flows remain mixed.