$BTC

Bitcoin's price staged a recovery from its long-term cumulative mean percentage in profit, marking a notable shift. Previously, in August 2024, Bitcoin retested the 75% mean at around $60,000. This suggests that the price range of $75,000–$95,000 may represent the bottom, aligning with the structural market conditions observed in Q3 2024.

Confirming the decrease in holder sales through exchanges, the total exchange flow (inflow + outflow) to network activity ratio provides further insight. Bitcoin researcher Axel Adler Jr. explained that the chart shows a 1.5x decrease in ratio following Bitcoin’s all-time high, directly confirming that the current growth is more organic.