Bitcoin has moved down toward the $60,000 area after the fading of its geopolitical risk premium, according to the MarsBit item. The report states that the asset is still in a bear-market zone and is trading at a 15% discount to the true market mean. This keeps the price in a discounted range, but the market description has shifted from pure selling pressure toward a more stable bottom-building process.
Spot Liquidity and Passive Buying Improve
The report highlights two important changes in market structure: spot liquidity has improved, and passive buying has strengthened. Compared with a phase dominated by selling pressure, stronger passive bids suggest that more capital is willing to provide support near current levels. The improvement in spot liquidity also points to a healthier trading environment around the $60,000 area.
ETF holders are also described as showing patience. Together with several on-chain and off-chain indicators, these signals show that the Bitcoin market is moving from a pressure-driven phase into a stable bottoming stage. The focus of the report is not a rapid rebound, but the entry of patient capital after the geopolitical premium has faded.