{"id":68102,"date":"2026-04-06T08:41:33","date_gmt":"2026-04-06T01:41:33","guid":{"rendered":"https:\/\/hbbgroup.net\/bitcoin-on-chain-data-hints-at-macro-bottom-near-47960-details\/"},"modified":"2026-04-06T08:41:33","modified_gmt":"2026-04-06T01:41:33","slug":"bitcoin-on-chain-data-hints-at-macro-bottom-near-47960-details","status":"publish","type":"post","link":"https:\/\/hbbgroup.net\/vi\/bitcoin-on-chain-data-hints-at-macro-bottom-near-47960-details\/","title":{"rendered":"Bitcoin On-Chain Data Hints At Macro Bottom Near $47,960 \u2013 Details"},"content":{"rendered":"
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\t\t\t\t\t\t\t\"Bitcoin\"\t\t\t\t\t\t<\/figure>\n
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Reason to trust<\/h3>\n

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How Our News is Made<\/h5>\n<\/p><\/div>\n

Strict editorial policy that focuses on accuracy, relevance, and impartiality<\/p>\n<\/p><\/div>\n

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The Bitcoin bear market is now six months in and showing no signs of letting up. During this time, a cycle low of $60,000 was established, preceding the present consolidation action being seen.\u00a0<\/span>However, bearish sentiments remain at heightened levels, especially considering the disturbed geopolitical landscape of the past month. While there have been encouraging signs of ongoing institutional accumulation, there are still expectations of a market bottom, which would confirm a bullish trend reversal.
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Bitcoin \u2018Ultimate Support\u2019 Lies At $47,960 \u2013 Analyst<\/b><\/h2>\n

In an X post<\/a> on April 4, renowned analyst Ali Martinez shares a critical insight on the Bitcoin market structure, predicting the macro bottom amid an enduring corrective phase. This analysis is based on the Cumulative Value Days Destroyed (CVDD), an on-chain metric used to estimate Bitcoin\u2019s long-term price floor by measuring the cumulative value of \u201cCoin Days Destroyed\u201d over time.<\/span><\/p>\n

For context, Coin Days Destroyed measures how long coins were held before being spent, with older coins having more coin days destroyed upon any on-chain movement. The cumulative value of the CDD, when adjusted, creates the CVDD that tracks the price level at which long-term holders are likely to distribute their coins, thus forming a macro market bottom.<\/p>\n

\"Bitcoin\"
Source: @alicharts on X<\/figcaption><\/figure>\n

The importance of token distribution by long-term holders comes from the ownership change with new participants, injecting fresh capital. A macro bottom is presumed to be formed at this level because it represents a new cost basis, which the new holders are likely to defend, transforming it into a key support level.\u00a0\u00a0<\/span><\/p>\n

According to Martinez, the present CVDD price floor is at $47,960, which the analyst recognizes as the ultimate support zone. Notably. Bitcoin trades at $66,683, indicating there is still significant room for a downside despite the price dip since the bear market commenced in October 2025. <\/span>If Bitcoin dips to the CVDD floor, historical data shows consistent proof of a major rebound. Considering this pattern, Martinez refers to this price level ($47,960) as the structural foundation of the Bitcoin market.
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Bitcoin Price Overview<\/b><\/h2>\n

At the time of writing, Bitcoin trades at $67,279 after a slight increase of 0.69% in the past day and 0.72% in the past week. The maiden cryptocurrency has experienced a cumulative devaluation of 46.7% in this bear market, bringing its total cap to around $1.34 trillion. <\/span>However, Bitcoin\u2019s influence in the crypto ecosystem remains strong with a market dominance of 58.1%.
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\"Bitcoin\"
BTC trading at 66,865 on the daily chart | Source: BTCUSDT chart on Tradingview.com<\/a><\/figcaption><\/figure>\n

Featured image from iStock, chart from Tradingview<\/p>\n<\/p><\/div>\n<\/p><\/div>\n

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\"Semilore\t\t<\/p>\n

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Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency.<\/p>\n

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Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems. <\/p>\n

In two years of active crypto writing, Semilore has covered multiple aspects of the digital asset space including blockchains, decentralized finance (DeFi), staking, non-fungible tokens (NFT), regulations and network upgrades among others.<\/p>\n

In his early years, Semilore honed his skills as a content writer, curating educational articles that catered to a wide audience. His pieces were particularly valuable for individuals new to the crypto space, offering insightful explanations that demystified the world of digital currencies.<\/p>\n

Semilore also curated pieces for veteran crypto users ensuring they were up to date with the latest blockchains, decentralized applications and network updates. This foundation in educational writing has continued to inform his work, ensuring that his current work remains accessible, accurate and informative.<\/p>\n

Currently at NewsBTC, Semilore is dedicated to reporting the latest news on cryptocurrency price action, on-chain developments and whale activity. He also covers the latest token analysis and price predictions by top market experts thus providing readers with potentially insightful and actionable information. <\/p>\n

Through his meticulous research and engaging writing style, Semilore strives to establish himself as a trusted source in the crypto journalism field to inform and educate his audience on the latest trends and developments in the rapidly evolving world of digital assets.<\/p>\n

Outside his work, Semilore possesses other passions like all individuals. He is a big music fan with an interest in almost every genre. He can be described as a \u201cmusic nomad\u201d always ready to listen to new artists and explore new trends.<\/p>\n

Semilore Faleti is also a strong advocate for social justice, preaching fairness, inclusivity, and equity. He actively promotes the engagement of issues centred around systemic inequalities and all forms of discrimination. <\/p>\n

He also promotes political participation by all persons at all levels. He believes active contribution to governmental systems and policies is the fastest and most effective way to bring about permanent positive change in any society. <\/p>\n

In conclusion, Semilore Faleti exemplifies the convergence of expertise, passion, and advocacy in the world of crypto journalism. He is a rare individual whose work in documenting the evolution of cryptocurrency will remain relevant for years to come.<\/p>\n

His dedication to demystifying digital assets and advocating for their adoption, combined with his commitment to social justice and political engagement, positions him as a dynamic and influential voice in the industry. <\/p>\n

Whether through his meticulous reporting at NewsBTC or his fervent promotion of fairness and equity, Semilore continues to inform, educate, and inspire his audience, striving for a more transparent and inclusive financial future.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n

Disclaimer:<\/strong> The information found on NewsBTC is for educational purposes \t\t\t\t\t\t\tonly. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any \t\t\t\t\t\t\tinvestments and naturally investing carries risks. You are advised to conduct your own \t\t\t\t\t\t\tresearch before making any investment decisions. Use information provided on this website \t\t\t\t\t\t\tentirely at your own risk.<\/p>\n<\/p><\/div>","protected":false},"excerpt":{"rendered":"

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