Bitcoin price traded 5% above its local low of $108,650, with three indicators suggesting that this level may have marked the local bottom for BTC. Entity-adjusted dormancy hints at BTC bottom One metric that can be used to determine whether the Bitcoin market has bottomed out is the entity-adjusted dormancy flow, which represents the ratio of BTC’s current market capitalization and the annualized dormancy value (measured in US dollars). Historically, a drop in the indicator below 250,000 (red circles) presents a “good historical buy zone” and has often preceded significant price recoveries or marked the end of price ... (full story)