Bitcoin Price Bottom Near $53,600: Experts Weigh in on Market Conditions

Crypto analytics firm CryptoQuant believes Bitcoin's realized price near $53,600 could be its market bottom.

The DeFi Report analysts agree that recent market conditions resemble previous bear-market buying opportunities, despite a risk of further declines.

CryptoQuant Head of Research Julio Moreno said the current realized price serves as a 'valuation bottom candidate', but cautioned it's not yet confirmed.

Total Bitcoin demand fell by roughly 652,000 BTC over the past week, with spot ETF demand dropping to negative 74,000 BTC in 30 days. Realized losses among holders have also increased.