Bitcoin Price Nears Structural Bottom: CryptoQuant Research

• BTC-USD +1.60%

Bitcoin price surged more than 2% in the last 24 hours despite headline US CPI inflation rising to 4.2%, Bitcoin ETF outflows, and the US-Iran war escalation. BTC is approaching a potential structural bottom amid weakening demand and on-chain signals, according to leading analytics firm CryptoQuant. Will Bitcoin Price Bottom Near Realized Price? Bitcoin price has historically bottomed near its realized price. The level sits around $53,600 in this cycle, indicating BTC likely approaching a structural floor, according to CryptoQuant data. "Historically, it's a level that would confirm a bottom (the realized price). It doesn't mean that we necessarily hit...