MarsBit reported that Bitcoin has moved back near the $60,000 level after the geopolitical risk premium faded. According to the report, the asset remains in a bear-market range and trades at a 15% discount to its real market average. This keeps Bitcoin in a low-price zone, while the market narrative is shifting from selling pressure toward a bottom-building phase.
Spot liquidity and passive buying improve
The report said spot liquidity has improved, passive buying has strengthened, and exchange-traded fund holders have shown patience. For Bitcoin, spot demand and the behavior of longer-term holders are key signals in assessing whether price action is stabilizing. In this case, the cited indicators point to easing pressure on the funding side.
Multiple on-chain and off-chain metrics show the market moving from a selling-pressure phase into a more stable bottoming stage. The assessment does not change the fact that Bitcoin remains discounted and within a bear-market range. It emphasizes that, after the retreat of the geopolitical premium, patient capital is entering the market and the structure is shifting from post-decline pressure release toward base formation around $60,000.