Bitcoin has fallen below the 0.75 Cost Basis Quantile, indicating its entry into the “Bear Market” zone. This shift suggests a significant change in market conditions. The Cost Basis Quantile serves as a critical threshold for investors, often influencing buying and selling decisions. A breach of this level typically signals waning investor confidence and may lead to further declines. Analysts often interpret such movements as indicators of broader market trends, prompting increased scrutiny from traders and investors alike. As Bitcoin continues to fluctuate, market participants will be closely watching for signs of recovery or further deterioration.
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