CryptoQuant Analysis: Bitcoin Bear Market Floor Likely Near $55,000

On-chain analytics firm CryptoQuant released an update suggesting Bitcoin’s long-term bear market bottom is forming very close to the $55,000 level. Key metrics—realized price, MVRV Z-Score, long-term holder supply dynamics, and exchange netflow—all point to strong support in the 54–58k region. The report highlights that previous cycle lows aligned closely with the point where long-term holders stopped selling and accumulation began. While short-term volatility remains elevated, the data shows reduced sell pressure from old coins and increasing spot demand. Analysts note that a decisive hold above this zone could signal the end of the correction phase and the start of recovery. For now, $55k is being treated as the critical line in the sand.
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