Simply touching that level won’t 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’s spot price,<\/a> meaning they bought in at higher levels and are waiting to get back to even.<\/p>\n “The bottom is in.” Everyone’s saying it<\/p>\n \u201cFor the bottom to be confirmed, price needs to clear 88.88K and hold – 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’re 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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