Buy Crypto
Pay with
USD
USD
Buy & Sell
Hot
Supports Visa, Mastercard, SEPA & more
P2P
0 Fees
Flexible trading, zero fees
Gate Card
Use your crypto for payments worldwide
Markets
Trade
Basic
Advanced
Futures
Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Stocks
CFD
U.S. stock CFD derivatives
US Stocks
Access real US stocks and ETFs
HK Stocks
Trade quality Hong Kong-listed stocks
Korean Stocks
SK Hynix
Real Korean stocks and top assets
Stock Futures
High leverage, 24/7 trading
Tokenized Stocks
Backed by real stock assets
IPO Access
Unlock full access to global stock IPOs
GUSD
Mint GUSD for Treasury RWA yields
Stocks Activities
Trade Popular Stocks and Unlock Generous Airdrops
Earn
Launch
CandyDrop
tag
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
IPO Access
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Investment
Square
Square
Post, share, and explore crypto trends
Live
moments live
Live crypto market analysis
Chat
Chat with crypto traders
News
What is happening in crypto
flower_head
More
Promotions
AI
Others
TradFi
2026 World Cup
Rewards

Bitcoin Tests $62,400 200-Week Moving Average; On-Chain Data Suggests $50K-$54K Bear Market Floor

GateNews
On-Chain DataMarket AnalysisPrice Prediction
BTC-3.26%

According to CoinDesk, Bitcoin is currently testing the 200-week moving average around $62,400. If this support level breaks, the market focus may shift to the realized price of approximately $53,457, which represents the average on-chain holding cost across the entire Bitcoin network.

On-chain data suggests the bear market bottom could form in the $50,000 to $54,000 range. Whale holders (1 million to 100,000 BTC) have an average cost basis around $54,300, while mega-holders (over 100,000 BTC) average below $49,000. If large investors defend near their cost levels, the floor may stabilize within that zone.

View Source
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

Related News

11h ago
Bitcoin Trades Near $65,100 Amid Leverage Risk Debate on June 22
18h ago
Bitcoin Holds Above $63,000 for Three Consecutive Weekly Closes, Signals Potential Bottom
06-22 19:18
Kalshi Traders Price 80% Odds Bitcoin Stays Below $100K Through End-2026
06-22 18:12
Bitcoin Google Searches Hit Year's Lowest Level at 29% of Peak During June 14-21 Week
06-22 16:03
Bitcoin Clings to $64,217 as $6.35B ETF Outflows and Four Macro Catalysts Loom
In-Depth Analysis

Bitcoin Faces $60,700 Target As Bearish Setup Tests $64,700 Resistance

Daniel Carter9h ago

Bitcoin Analysts Predict Bearish Flag Drop to $40,000-$50,000 Range

Daniel Carter06-22 18:22
Comment
0/400
No comments