According to Mars Finance, on-chain analyst Willy Woo pointed out that traditional on-chain models indicate that Bitcoin's current bottom range is expected to be between $46,000 and $54,000. Data shows that Bitcoin's stored funds have been flowing out continuously since last year, while the Cumulative Value Days Burn (CVDD) bottom model currently reads $45,500, a model that exhibits the characteristic of its value continuously increasing over time.
Willy Woo: Bitcoin on-chain model predicts a bottom range of $46,000 to $54,000.
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