TREE NEWS reports: Bitcoin’s mean reversion index sits at Q18, the bottom 18% of its distribution, below the Q20 threshold that on-chain analyst Checkmate defines as deep value, during the current sell-off. Daily selling has doubled from about $420 million to more than $850 million, with over 85% coming from investors who bought near the $80,000 high. Long-term holders remain mostly profitable and have largely not sold.
Bitcoin in Deep Value Zone as Daily Sell-Off Doubles to $850M, Analyst Says
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AI take
The distinction between forced selling by recent buyers and the restraint of long-term holders is the real signal here. The analyst's own threshold places the market in a deep-value zone, but the concentration of selling among those who bought near the high suggests capitulation is still working through that cohort rather than a broad loss of conviction. The open question is whether long-term holders stay on the sidelines if the selling persists, since their profitability is the main buffer against a deeper spiral.
Generated by AI for reference only.
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