Bitcoin On-Chain Data Hints At Macro Bottom Near $47,960 – Details

Bitcoin on-chain analyst Ali Martinez identifies $47,960 as a potential macro bottom using the Cumulative Value Days Destroyed (CVDD) metric, suggesting significant downside room from current levels around $67,000. The CVDD tracks long-term holder distribution patterns and has historically marked major market rebounds, representing the structural foundation of Bitcoin's price floor.

• →Bitcoin's bear market has lasted six months with a cycle low of $60,000, but analyst predicts macro bottom at $47,960 using CVDD metric.
• →The Cumulative Value Days Destroyed (CVDD) measures long-term holder distribution patterns and historically marks major market rebounds.
• →Bitcoin currently trades at $67,279, indicating potential 28% downside to reach the predicted macro bottom level.
• →The cryptocurrency has declined 46.7% during this bear market while maintaining 58.1% market dominance.
• →CVDD represents the price level where long-term holders distribute coins, creating new cost basis that new holders typically defend as support.