• Bitcoin faces potential drop below $50k, with four key support levels identified. • Realized price levels act as long-term floor, guiding bullish strategy. • Binance traders’ aggregate deposit cost basis now a critical safety net. • Realized losses hit highest since end of 2022 bear market, signaling risk. • New analysis by CryptoQuant’s Burak Kesmeci highlights $58.7k as next resistance. • Whale cost bases: older whales at $41.6k, overall at $54.7k, new at $88.7k.
Article Summaries:
- Bitcoin traders are watching four new realized‑price support levels as the market tests a potential bottom near $50,000. CryptoQuant analyst Burak Kesmeci identifies $58,700 as the next critical line for bulls, followed by the overall Bitcoin cost basis at $54,700. Between these lies the Binance deposit‑address realized price, a key safety net that could hold the market if the price falls below the “New Whales” cost basis of $88,700. Recent data show 46 % of the supply is at an unrealized loss-its highest since the 2022 bear market-highlighting the risk of further capitulation.
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