Bitcoin Historical Indicator Flashes Bottom Signal, Trader Doctor Profit Reveals Accumulation Trades

Doctor Profit, a well-known crypto trader, said a historical Bitcoin indicator is flashing a signal that the bottom has already formed or is very close. In all three prior bear markets — 2015, 2019 and 2022 — the final bottom-building stage began when the realized price of coins held by 3-to-6-month holders crossed below the realized price of coins held by 1-to-2-year holders. According to Doctor Profit, this means newer buyers are capitulating and selling at a loss, while Bitcoin gradually shifts into the hands of longer-term holders. The same cross is now happening for a fourth time, and BTC's price sits below both groups' average cost basis. But historically, the signal has not produced an immediate reversal. Bitcoin usually needs several more months of sideways trading to complete the bottoming process, which makes the current phase a potential long-term accumulation zone. Doctor Profit believes the market is now in the bear-market bottom formation and long-term accumulation stage. The trader reported buying BTC in batches between $54,000 and $64,000 over the past few weeks, and plans to keep adding in 5% position increments.