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“Roadmap to the Bottom.” Analyst Points to Key Bitcoin Indicators
To determine the long-term trend, investors should monitor four key realized price levels of Bitcoin holders, according to CryptoQuant analyst Burak Kesmeçi.
In the expert’s view, crossing these levels would signal a potential move toward a deeper bottom. He described this framework as a “roadmap.”
Kesmeçi highlighted the following levels:
- Overall realized price (RP) of BTC — $54,700
- RP of long-term whales — $41,600
- RP of new whales — $88,700
- RP of Binance user deposit addresses — $58,700
Source: CryptoQuant.
“Bitcoin has been falling since it dropped below the entry point of new whales — a classic signal of a bearish cycle. Going forward, I will monitor two key support levels — [the first and fourth on the list],” the analyst added.
The CryptoQuant researcher noted that after the leading cryptocurrency falls below the cost basis of “newcomers,” its price historically tends to test the realized price. In this case, the only remaining support level stands at $58,700.
“The question is whether these two critical levels will hold as support. Or will we feel deeper, bone-chilling waters?” Kesmeçi concluded.
Meanwhile, another CryptoQuant analyst, Ignacio Moreno de Vicente, pointed out that Bitcoin’s short-term Sharpe ratio has dropped to a level that historically preceded price bottoms.
See also: "Private Investors Transferred 489,000 BTC to Corporations in 2025"
