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Bitcoin and the historical bottom...
The market is still in a phase of weakness, not a collapse. The price is still below the average cost of short-term holders (68,900), which means most of them are in loss, so naturally any rise towards this level is met with selling from those waiting to break even.
Also, the price is still below the market's fair value average (76,900), which indicates that the general trend has not yet regained its strength. But at the same time, we are still above the Realized Price at 53,000, and also above the average cost of investors and long-term holders, which means that large investors are still holding and there are no signs of capitulation or panic selling like we usually see at historical bottoms.
$BTC