BTC has not yet reached its bottom, analyst says

Bitcoin may not have reached its market bottom yet, according to an analysis by The Crypto Basic. The outlet noted a 21% gap between Bitcoin's current spot price of around $68,000 and its realized price—the average acquisition cost of all coins—at approximately $54,000. Historically, a true market bottom occurs when the spot price falls below the realized price, indicating the entire market is in a loss-making position and often preceding a phase of strong accumulation. The analysis concludes that the market has not yet entered a full capitulation stage.