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OG Bitcoin On-Chain Models Could Hint At $46,000-$54,000 Floor: Analyst
newsbtc6d ago

OG Bitcoin On-Chain Models Could Hint At $46,000-$54,000 Floor: Analyst

Analyst Willy Woo has highlighted how some old-school Bitcoin on-chain models could suggest a bottoming zone for the asset in the current cycle. Bitcoin Bottomed Between Realized Price & CVDD In Past Bear Markets In a new post on X, analyst Willy Woo has talked about where the Bitcoin bottom could lie according to two on-chain models. The models in question are the Realized Price and CVDD. Related Reading: KPMG, PwC Involved In Tether’s First-Ever Audit: Report First, the “Realized Price” keeps track of the cost basis or acquisition value of the average token part of the cryptocurrency’s circulating supply. Whenever the spot price is above this metric, the investors as a whole could be assumed to be in a state of net unrealized profit. Similarly, the asset being below the level can imply the dominance of loss on the blockchain. As shown in the chart shared by Woo, the Bitcoin Realized Price has been sliding down recently, meaning that average investor cost basis has been declining. In other words, the average capital invested per holder is down, so some net capital could be considered to have left the cryptocurrency. Following the drawdown in the Realized Price since November, its value has dropped to around $54,200. So far in the latest bearish market phase, Bitcoin has yet to retest this level. From the chart, it’s visible that past bear markets found their bottoms when BTC was below the indicator. Interestingly, the other model in the chart, the CVDD, served as a sort of lower bound across these cycles, with BTC never dipping below it. The CVDD, standing for Cumulative Value Days Destroyed, is an indicator created by Woo that derives from the popular Coin Days Destroyed (CDD) metric. A “coin day” is a quantity that 1 BTC accumulates after being dormant on the blockchain for 1 day. When a token dormant for some number of days is moved, its coin days reset back to zero and are said to be destroyed. The CDD measures the number of coin days being reset across the network in this manner. The CVDD goes a step further and attaches a USD value to each of these coin days, based on the BTC price at the time, and takes their cumulative sum. Additionally, it applies a normalization factor by taking the sum’s ratio with the total age of the market (in days). Related Reading: Bitcoin Unrealized Loss Hits 15% Of Market Cap—Still Below FTX Capitulation Levels Today, the Bitcoin CVDD is sitting at $45,500. If the pattern from the last few cycles is anything to go by, it’s possible that BTC could find a bottom somewhere between this level and the Realized Price at $54,200. That said, the analyst also added a caution, noting: Models use past behaviour... there’s only been 4 prior bear markets and they have been inside a secular bull market in risk equities. If that foundation collapses, we will be in uncharted territory (deeper bear). BTC Price Bitcoin has again failed to maintain its recovery as its price has slipped to the $67,200 mark. Featured image from Dall-E, chart from TradingView.com

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GEMI Investor Alert: Gemini Space Station Securities Fraud Lawsuit - Investors With Losses May Seek to Lead the Class Action After Company Allegedly Misled on Strategic Direction: Levi & Korsinsky
benzinga6d ago

GEMI Investor Alert: Gemini Space Station Securities Fraud Lawsuit - Investors With Losses May Seek to Lead the Class Action After Company Allegedly Misled on Strategic Direction: Levi & Korsinsky

<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css" /> <p>NEW YORK, March 30, 2026 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP encourages investors who suffered losses in Gemini Space Station, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/GEMI" rel="nofollow">GEMI</a>) to contact the firm. Those who purchased GEMI securities between September 12, 2025 and February 17, 2026 may be entitled to recover damages. <a href="https://www.globenewswire.com/Tracker?data=3fwkn6WV2F3XdjHSPwdzVH4wioF7fO2Wy2ElssX7Cth2Uwvo8uWz8IZeTx_0ONp7cgUDljoP0GfhexmBKc7SLdrRyprenPo5ayK1ytKboD1vZbGppoQsKvPLngNYLuvx8UgywStCJCCqJXivhai8lsw7WLSEZZsV-xpkEnkK6TrjDQf4blO_XdMmfIVuI6CjMjz6Tr3RrvfkO2uwiiWrBxrK5MXySu-sEk9cqNR93no=" rel="nofollow" target="_blank" rel="nofollow">Find out if you are eligible to recover losses</a>. You may also contact Joseph E. Levi, Esq. at <a href="https://www.globenewswire.com/Tracker?data=FsvME0jTUj9uPC2uyHaGfWNd1gFaeor6hf5FVKEFBA8VIMlEG25FHg0Xxou0HLm343apAnA3cNKff_Mz3r-Hoc14vrvbamXcdj_GINeonBo=" rel="nofollow" target="_blank" rel="nofollow"> [email protected] </a> or (212) 363-7500.</p> <p>From an IPO price of $28.00 per share, GEMI shares collapsed to $6.585, a decline of over 76%. The window to apply for lead plaintiff closes on May 18, 2026.</p> <p><strong>September 12, 2025 — IPO Launch at $28.00 Per Share</strong></p> <p>Gemini's Class A common stock began trading on the NASDAQ. The Offering Documents described a company focused on its core crypto exchange platform, international expansion across Europe and Asia-Pacific, and growing monthly transacting users at a 20% to 25% compound rate. No disclosure was made regarding any imminent strategic pivot, the complaint alleges.</p> <p><strong>November 10, 2025 — Q3 Earnings Call Reinforces Expansion Narrative</strong></p> <p>During ...</p><p><a href=https://www.benzinga.com/pressreleases/26/03/g51552250/gemi-investor-alert-gemini-space-station-securities-fraud-lawsuit-investors-with-losses-may-seek-t?utm_source=benzinga_taxonomy&utm_medium=rss_feed_free&utm_content=taxonomy_rss&utm_campaign=channel alt=GEMI Investor Alert: Gemini Space Station Securities Fraud Lawsuit - Investors With Losses May Seek to Lead the Class Action After Company Allegedly Misled on Strategic Direction: Levi & Korsinsky>Full story available on Benzinga.com</a></p>

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