Simply touching that level won\u2019t cut it. The price needs to close above it and stay there \u2014 otherwise, the rally is just noise.<\/p>\n
The reasoning centers on realized price bands, a metric that tracks the average cost basis of different groups of holders. Three cohorts are currently sitting above Bitcoin\u2019s spot price,<\/a> meaning they bought in at higher levels and are waiting to get back to even.<\/p>\n \u201cThe bottom is in.\u201d Everyone\u2019s saying it<\/p>\n \u201cFor the bottom to be confirmed, price needs to clear 88.88K and hold \u2013 not wick through, not retest and fail. That puts the most recent cohort back in profit and removes the first layer of sell pressure.\u201d \u2013 By @IT_Tech_PL<\/a> pic.twitter.com\/woRJLa6UTs<\/a><\/p>\n \u2014 CryptoQuant.com (@cryptoquant_com) May 7, 2026<\/a><\/p>\n<\/blockquote>\n The first group \u2014 holders from three to six months ago \u2014 has a realized price of $88,880. Those who held for 12 to 18 months are sitting at $93,400.<\/p>\n The largest and most worrying group, holders from six to 12 months ago, has a cost basis of $111,800 \u2014 close to 30% above where Bitcoin was trading when the analysis was published.<\/p>\n When Bitcoin climbs back toward those levels, many of those holders are expected to sell. They\u2019re not looking for profit. They just want out.<\/p>\n Earlier this year, Bitcoin fell to around $60,000 in February \u2014 a drop of roughly 52% from its all-time high of $126,200. Since then, the price has climbed more than 37% without setting a new low.<\/p>\n That recovery is what fueled the bottom narrative. With no fresh lows on the chart, many market watchers concluded the worst was behind Bitcoin.<\/p>\n\n
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<\/p>\nWhy The $60,000 Low Sparked Bottom Calls<\/h2>\n
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