Willy Woo: The Bitcoin on-chain model predicts a bottom range between $46,000 and $54,000
ChainCatcher reported that on-chain analyst Willy Woo stated that traditional on-chain models indicate Bitcoin's current bottom range is expected to be between $46,000 and $54,000. Data shows that Bitcoin storage funds have been continuously flowing out since last year, while the Cumulative Value Days Destroyed (CVDD) bottom model currently reads $45,500. This model has the characteristic of continuously increasing in value over time.
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