Event Dime

Where Is the Bitcoin Bottom? Glassnode Data Identifies the Most Likely BTC Floor Zones

Events
When:
June 5, 2026 · 4:05 PM
Where:
Bitcoin (BTC) Price: Critical Support Level at $71K Could Trigger Rally to $76,600
Source:
Bitcoin (BTC) Price: Critical Support Level at $71K Could Trigger Rally to $76,600

TLDR: Bitcoin has fallen below the median holder’s breakeven level for the first time since 2022. Glassnode data identifies the $46K-$54K range as the highest-probability Bitcoin bottom zone. The CVDD model near $46K has historically served as a reliable anchor during cycle lows. Bitcoin’s drawdowns are becoming shallower, supporting a higher floor than prior bear [...] The post Where Is the Bitcoin Bottom? Glassnode Data Identifies the Most Likely BTC Floor Zones appeared first on Blockonomi.

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    Bitcoin (BTC) Price: Critical Support Level at $71K Could Trigger Rally to $76,600

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