Bitcoin may need to plunge 15% or more to mark bottom, according to this long-time indicator (opens original article in a new tab)

Bitcoin may need to drop below $53,457 to establish a bear market bottom, according to historical patterns and realized price analysis.

• Bitcoin's realized price is around $53,457 and has historically been a key support level during bear markets
• Large whale cohorts have a cost basis between $49,000 and $54,300, indicating potential support
• If Bitcoin breaks its 200-week moving average, attention will shift to the realized price as the final line of support
• Historical data suggests Bitcoin may need to plunge below $53,457 to mark the bottom of the current bear market