These bitcoin metrics suggest February’s $60,000 selloff may have marked the bottom
Realized cap stabilization, historically elevated RHODL readings and deeply negative funding rates all point toward a potential cycle low for bitcoin forming earlier this year....
Key takeaways
- 1Bitcoin's realized cap has stabilized, suggesting February's $60,000 selloff may represent the market bottom.
- 2RHODL (Realized On-chain data HODLers) readings remain historically elevated, indicating long-term holder confidence.
- 3Deeply negative funding rates suggest short positions were heavily liquidated near the cycle low.
Coins in this story
Why it matters
These on-chain metrics suggest Bitcoin may have bottomed in February, potentially signaling a recovery phase ahead for Indian retail investors considering entry points into crypto markets.
Related stories
South Carolina Enacts Bitcoin-Friendly Law, Bans CBDC Use by State Entities
Bitcoin Magazine South Carolina Enacts Bitcoin-Friendly Law, Bans CBDC Use by State Entities South Carolina has enacted a new law aimed at establishing a clear and supportive framework for cryptocurrency use, marking one of the most comprehensive state-level efforts to date. Governor Henry McMaster signed Senate Bill 163 into law on May 19 after it passed th...
CoinDesk 20 performance update: Uniswap (UNI), up 3.7%, leads index higher
Bittensor (TAO) gained 2.1%, joining Uniswap (UNI) as a top performer....
