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Bitcoin (CRYPTO: BTC) has gained roughly 20% since its February lows, recovering to around $76,000 despite ongoing geopolitical uncertainty. Analysts say the move is bringing the market to a critical inflection point.
Buyers Return To Breakeven
Zach Pandl noted in an Apr. 21 update that Bitcoin rebounded sharply after bottoming near $63,000 on Feb. 5.
On-chain data shows the “realized price” for coins moved in the past one to three months sits around $74,000. This means many recent buyers are now back at breakeven.
Historically, when short-term holders move from losses to breakeven and then into …
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