- Bitcoin Price trades near $62.8K while CryptoQuant identifies $53.6K as a key valuation support area.
- ETF demand growth fell to negative territory as overall Bitcoin demand dropped by 652,000 BTC last week.
- Realized losses remain below historic capitulation levels, leaving cycle-bottom confirmation unresolved.
Bitcoin Price remained resilient after recovering toward $62,838. Market attention shifted toward CryptoQuant’s $53,600 realized-price level, which the firm identified as a potential valuation support area rather than a confirmed cycle bottom.
CryptoQuant Identifies Key Valuation Zone
Wu Blockchain shared CryptoQuant’s latest assessment on Bitcoin valuation. The report focused on Bitcoin’s realized price near $53,600.
Realized price represents the average acquisition cost of circulating coins. Many analysts monitor this level during major market corrections.
The accompanying chart showed Bitcoin trading roughly 9% above realized price. That positioning places the asset near a historically important valuation area.
CryptoQuant described the level as a valuation bottom candidate. However, the firm avoided labeling it a confirmed market bottom.
Demand Metrics Continue Showing Weakness
The report noted a sharp decline in Bitcoin demand recently. Total demand reportedly fell by 652,000 BTC last week.
At the same time, ETF demand growth weakened considerably. The 30-day ETF demand figure dropped to negative 74,000 BTC.
Those figures indicate reduced buying activity across important market segments. As a result, price recovery attempts have faced persistent resistance.
CryptoQuant also pointed to holder-loss data for additional context. Recent realized losses remain below levels seen during historic capitulation periods.
Bitcoin Price Rebounds While Support Holds
Despite weak demand metrics, Bitcoin Price showed short-term strength. CoinMarketCap data placed the asset at $62,838.
The session began with selling pressure near the $61,700 area. Price later declined toward support around $61,000.
Buyers returned quickly after the market tested lower levels. Repeated rebounds suggested active demand near key support zones.
Bitcoin broke out of the $61,700 resistance level and gained momentum. The change sparked a rally up to the $62,400 area.
Price then entered a consolidation phase above prior resistance. That behavior often reflects stability following a sharp advance.
Higher lows emerged during the latter part of the session. The pattern pointed to improving short-term market structure.
Bitcoin later approached the psychological $63,000 threshold. Price remained close to session highs into the trading close.
Market capitalization rose alongside the recovery move. The 24-hour trading volume, meanwhile, fell about 21%.
The lower volume indicated what the market had in hand, not what it was projecting. Traders continue monitoring whether momentum can extend above $63,000.
CryptoQuant’s valuation model remains a central reference point. Yet confirmation of a cycle bottom still depends on stronger demand conditions and broader market participation.
