In its monthly Bitcoin (BTC) report, investment firm Ark Invest pointed to key metrics that show prices have historically bottomed out, and similarities with previous years.
ARK Invest, led by Cathie Wood, shared its monthly Bitcoin report. In the report, on-chain current Bitcoin price according to data 2011, 2015 and 2019 It was noted that it reached a similar level with the lowest levels in the previous years.
In the report, FTX bankruptcy It has been described as “the most damaging event in crypto history.” However, in response to these unprecedented devastations, the steadily increasing resistance of long-term Bitcoin holders. underlined:
We believe this data point demonstrates the owners’ long-term focus and high faith despite recent events. Today, the long-term supply of BTC holding users accounts for 72% of Bitcoin’s total circulating supply.
Another bottom indicator is data Ratio between realized profit and realized loss on on-chain presented as According to this data, in November, the all-time low 7.2% seen.
Bitcoin has found significant bottoms in every previous instance (2011, 2015 and 2019) where this metric has reached below 10%.
A similar bottom signal analysis was recently shared by Charles Edwards. Some of the detailed bottom signals shared by the analyst are similar to the report shared by Ark Investment.