Analyst: Bitcoin returns to key cost line, short-term buyers have basically broken even.

Data disclosed by Grayscale analyst Zach Pandl shows that Bitcoin has rebounded more than 20% from its low of around $63,000 in early February, currently trading at around $76,000. This is slightly above the average cost (realized price) of approximately $74,000 for buyers who purchased in the past 1 to 3 months, meaning that most short-term investors have returned to the break-even point. Analysts believe that if prices rise further, more recent buyers will enter a profitable position, which is typically considered a key signal in the early stages of a bull market. However, Bitcoin remains below its high from last October. Market opinions suggest that this rebound may have formed a relatively solid temporary bottom in the $65,000 to $70,000 range.