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Bitcoin & Ethereum News, Crypto Updates & Live Price Indexes

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Crypto Breaking News

Binance expanded its emergency reserves again, adding 4,225 Bitcoin (CRYPTO: BTC) to its SAFU wallet, a move valued at roughly $300 million as the world’s largest crypto exchange doubles down on a Bitcoin-backed protection fund amid ongoing market pressure. The fresh purchase lifts SAFU’s Bitcoin holdings to more than $720 million at current prices, underscoring Binance’s willingness to bolster liquidity safeguards for users during a period of heightened volatility. The company had previously signaled a shift of up to $1 billion into Bitcoin and stated that the conversion would be completed within 30 days of its Jan. 30 announcement, with a rebalance back to the full $1 billion target if market swings pull the fund’s value below about $800 million.

The ongoing deployment into Bitcoin signals growing conviction in BTC as a cornerstone reserve asset for user protections, even as it binds the SAFU fund more closely to crypto price swings. Binance has emphasized that SAFU is designed to defend users in distressing conditions, yet the fund’s rising Bitcoin exposure also exposes it to downside risk if the market moves against it. The latest development was disclosed as part of Arkham’s on-chain data, which tracks wallet activity and asset inflows into SAFU’s treasury, including the 4,225 BTC addition noted above. The forward-looking goal remains to complete the BTC conversion within the 30-day window established by the January announcement.

Investors are watching Bitcoin’s price action closely. In recent sessions, the leading cryptocurrency slipped to $59,930, a level not seen since October 2024, according to TradingView data. That retreat comes amid broader market weakness and a risk-off mood among traders, who have been weighing whether a sustained rebound is in prospect or whether the correction still has legs. One market observer noted that sentiment around digital assets remains fragile, with traders clinging to historical cycles rather than relying on immediate catalysts.

Alongside the Bitcoin dynamics, industry intelligence providers have shown a tilt among the so-called smart money. Reports from Nansen indicate that traders managing significant liquidity positions tilted toward short exposure on Bitcoin and other top assets, accumulating a net short position of roughly $109 million across leading tokens. The same data set showed a notable contrast with Avalanche (CRYPTO: AVAX), which attracted a modest long bias, totaling about $7.38 million in cumulative long positions. Such positioning hints at a cautious, defensive posture among sophisticated traders even as some traders anticipate selective rebounds in select ecosystems.

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Binance’s SAFU strategy traces back to its broader risk-management framework, which the exchange has repeatedly described as essential for maintaining user trust during drawdown periods. By continuing to accumulate BTC for SAFU, Binance is signaling a preference for Bitcoin-based reserves as a stabilizing buffer rather than relying solely on fiat or more traditional risk-hedge instruments. The approach aligns with the exchange’s updated risk posture as it navigates a market environment characterized by liquidity constraints, thin volume in certain segments, and a murkier regulatory backdrop that can influence how exchanges manage user protections and capital reserves.

Fragile sentiment weighs on markets

Binance’s ongoing SAFU conversion occurs against a backdrop of a broader crypto market correction, with Bitcoin’s price hovering near the $60,000 mark and sentiment described as fragile by industry observers. A chief concern cited by market participants is the lack of clear, near-term catalysts to sustain upside momentum, which can restrain upside moves and extend pullbacks. While the BTC reserve expansion may bolster confidence in risk controls, it also exposes SAFU to volatility—heightening the need for disciplined rebalancing rules if the market sours further.

Market participants eye how the SAFU fund’s size interacts with Bitcoin’s price trajectory and overall market liquidity. The balance between resilience for user protections and exposure to adverse moves will be a critical test for Binance’s risk framework in the months ahead, especially as macro conditions and on-chain activity continue to evolve.

Why it matters

The SAFU fund serves as a protective backstop intended to shield users during periods of stress. By increasing BTC holdings within SAFU, Binance demonstrates a commitment to anchoring a significant portion of its reserve assets in the most liquid, widely traded crypto asset. This approach can bolster perceived safety for users who rely on exchange-backed protections, particularly during episodes of market turbulence when liquidity and counterparty risk can become salient.

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However, the strategy also concentrates a portion of SAFU’s value in Bitcoin’s price moves, potentially amplifying drawdowns if BTC undergoes further volatility. The decision to target a full $1 billion allocation within a 30-day window signals confidence in BTC’s long-run role as a reserve asset, but it requires ongoing discipline to manage risk when prices swing sharply. The narrative around SAFU’s expansion dovetails with broader industry discussions about the adequacy of exchange reserves, the role of on-chain data in verifying asset holdings, and how market participants assess the sufficiency of guarantees provided by centralized platforms.

From a market-structure perspective, the episode showcases the evolving playbook of major exchanges as they navigate a landscape of rising regulatory scrutiny, competing risk frameworks, and the fragility of short-term price trends. The interaction between on-chain activity, reserve management and investor sentiment highlights the complexity of safeguarding users while maintaining resilience in an environment characterized by rapid الأخبار changes in funding, liquidity, and risk appetite. While not a guarantee of future stability, the SAFU expansion represents a notable operational decision that could influence how other platforms think about crisis protection and capital adequacy in crypto markets.

What to watch next

  • Follow-up on SAFU’s BTC accumulation and the official timeline for completing the conversion within the 30-day window.
  • BTC price action around the $60,000 level and any shifts in risk sentiment as new data and catalysts emerge.
  • Updates from on-chain trackers (e.g., Arkham, Nansen) confirming reserve balances and smart-money positioning.
  • Any additional disclosures from Binance regarding rebalancing triggers if SAFU value moves toward or away from the $1 billion target.

Sources & verification

  • Binance X post confirming continued BTC acquisitions for SAFU and the 30-day conversion target.
  • Arkham on-chain data corroborating the 4,225 BTC transfer to SAFU.
  • Binance’s Jan. 30 announcement about shifting up to $1 billion into Bitcoin and the $800 million floor.
  • BTC price data around $59,930 from TradingView.
  • Hina Sattar Joshi’s assessment of market sentiment and fragility, cited in market commentary.
  • Nansen data showing smart-money positioning, including BTC net short exposure and AVAX long exposure.

Rewritten Article Body

Binance expands SAFU Bitcoin reserves as market pressure persists

Binance added 4,225 Bitcoin (CRYPTO: BTC) to its Secure Asset Fund for Users (SAFU) on Monday, increasing the safety net intended to protect client funds during downturns. The acquisition, valued at about $300 million in today’s prices, pushes SAFU’s Bitcoin reserve above the $720 million threshold, according to chain-analytics firm Arkham. The move forms part of a broader plan Binance outlined on Jan. 30 to convert up to $1 billion of user-protection assets into Bitcoin, with a 30-day target window for completing the conversion and a rebalancing clause if the fund dips below $800 million. The timing aligns with a period of renewed emphasis on reserve quality and risk-bearing capacity within the crypto exchange ecosystem.

As the market prices for Bitcoin experience volatility, Binance’s SAFU strategy illustrates a deliberate tilt toward BTC as a cornerstone reserve asset. While the fund’s BTC holdings are intended to provide a cushion for users in case of adverse conditions, the size of the reserves introduces a direct sensitivity to Bitcoin’s price movements. The Arkham data point that tracks SAFU’s evolution shows the latest inflow of 4,225 BTC, underscoring ongoing investor confidence in Bitcoin as a stabilizing component of the exchange’s emergency framework. Binance has reinforced that the conversion to BTC would be completed within 30 days of the original announcement, with a restoration path to the full $1 billion target should market volatility erode SAFU’s value below $800 million.

The immediate market response reflected in Bitcoin’s price action has been cautious. BTC retraced to around $59,930, a level not observed since October 2024, as traders reassess risk and evaluate whether macro catalysts will unlock further upside. This price backdrop has contributed to a broader sense of fragility in market sentiment, with commentators noting that traders are anchored to historical patterns rather than current catalysts. The lack of a clear near-term driver has left many investors skittish, leading to a broader risk-off stance that can weigh on asset prices and, by extension, on reserve-tracking metrics like SAFU.

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Beyond BTC’s price trajectory, the activity within smart-money communities reflects a cautious tilt. Data from Nansen indicate that leveraged short positions have grown in aggregate, with traders maintaining a net short stance on Bitcoin totaling about $109 million across major assets, while Avalanche (CRYPTO: AVAX) drew a comparatively modest long exposure of $7.38 million. This divergence demonstrates that, even as some sophisticated traders seek downside protection in the current environment, others are selectively positioning for potential recoveries in particular ecosystems or tokens. The juxtaposition underscores the complexity of market dynamics in a period when reserve-building by major exchanges sits alongside a potential reallocation of capital in response to evolving risk sentiment.

At the core of Binance’s decision is a commitment to user protection that acknowledges both the benefits and risks of BTC-centered reserves. Bitcoin’s status as the most liquid cryptocurrency makes it an attractive anchor for safeguarding user funds; however, the greater the exposure to BTC price swings, the more carefully reserve managers must calibrate rebalancing rules and liquidity buffers. The SAFU program’s evolution—particularly the plan to converge toward the $1 billion target within a tight 30-day window—will be watched closely by regulators, investors, and competitors as a case study in reserve strategy and risk governance in a swiftly evolving market.

Risk & affiliate notice: Crypto assets are volatile and capital is at risk. This article may contain affiliate links. Read full disclosure

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Gemini’s 10-K reveals loan loop between exchange and founders

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Gemini’s 10-K reveals loan loop between exchange and founders

Cameron and Tyler Winklevoss lent their own crypto exchange, Gemini, thousands of bitcoin (BTC) and ether (ETH) through Winklevoss Capital Fund (WCF), their private investment company. Gemini then pledged that crypto as collateral with Galaxy Digital and NYDIG to raise dollar loans. 

When the exchange went public in September 2025 at $28 per share, it converted $695.6 million of WCF debt into super-voting Class B stock at a 20% discount, giving the twins 94.7% of Gemini’s voting power.

Gemini’s 10-K, filed yesterday, spelled out the entire structure. Social media users have called it a circular scheme.

Here’s the basic tale of how the money flowed. The Winklevii’s WCF lent BTC and ETH to Gemini through open-term agreements, i.e. with no fixed maturity. 

Gemini then posted that borrowed crypto as collateral with third-party lenders. Galaxy Digital extended $116.5 million in loans at 11-12% interest rates, collateralized at 145-155%. NYDIG provided $75 million through a repurchase agreement at 8.5%.

Gemini used the dollars for operations and regulatory capital requirements. 

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When the IPO closed on September 15, 2025, the exchange repaid Galaxy’s $116.5 million from $456 million in net proceeds from the IPO.

Gemini now trades on the Nasdaq under symbol GEMI.

The exchange also repaid $238.5 million under a warehouse credit facility with Ripple, though $154 million remained outstanding to Ripple at year end.

The twins’ own debt didn’t get cash repayment, however.

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Gemini converted $200 million in WCF convertible notes and $475 million in WCF term loans, plus accrued interest, into 31.1 million supervoting Class B shares at $22.40 apiece.

That conversion price was 20% below what retail investors paid for otherwise equivalent Class A shares on the same day.

Class A and B stock differ only in their voting power and ownership distribution. Otherwise, they have the same par value, rights to dividends, and liquidation preference.

Class B shares are convertible into Class A on a one‑for‑one basis.

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Retail paid $28 with the Winklevii at $22.40

The discount is where the circularity inflicted pain on regular shareholders. 

WCF lent Gemini crypto. Gemini then pledged the crypto that it had borrowed to get even more loans. Specifically, Galaxy and NYDIG lent Gemini dollars which it used to operate. 

Gemini then handed WCF equity at a discount funded by the same IPO that brought retail in 20% higher.

Read more: Sources say Winklevoss twins withdrew $280M from Genesis before it collapsed

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The SEC Form 10-K confirms that Gemini still owed WCF 4,619 BTC as of December 31, 2025. That balance was worth roughly $400 million.

Gemini paid WCF $24.2 million in loan fees in 2025.

In summary, Gemini is simultaneously debtor, custodian, and a “controlled company” according to Nasdaq corporate governance standards.

Despite being publicly traded, Gemini’s co-founders still control a majority of its voting power.

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Moreover, WCF holds roughly 8,757 BTC in Gemini Custody addresses, according to Arkham Intelligence data cited by crypto researcher Emmett Gallic. 

Deloitte signed off clean

Deloitte has issued clean audit reports on Gemini. This is despite the reality that WCF could demand repayment of its 4,619 BTC loan at any time.

The twins could destabilize the exchange they control with a single written notice.

Gemini’s public stock now trades 88% below its IPO price. “Gemini Space Station,” its legal and rocket-based name that it certainly has not lived up to, opened at $37.01 per share on its IPO day.

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It’s worth $4.42 today.

Gemini priced its IPO at $28 on September 11, 2025. It opened at $37.01 the next day and hit $45.89 before beginning a relentless decline. The stock closed at $4.42 on March 31, 2026, down 88% from the opening price, after touching a 52-week low of $3.91 this Monday

The company’s market cap has collapsed from over $3.8 billion to roughly $520 million. Citigroup, Cantor, Truist, and Evercore downgraded the stock to a Sell rating.

A class action lawsuit alleges the company misled investors about its strategy.

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Market Analysis: EUR/USD Aims Recovery While USD/JPY Gives Back Recent Gains

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Market Analysis: EUR/USD Aims Recovery While USD/JPY Gives Back Recent Gains

EUR/USD is recovering losses from 1.1450. USD/JPY is correcting gains from 160.50 and might decline further below 158.00.

Important Takeaways for EUR/USD and USD/JPY Analysis Today

· The Euro struggled to stay in a positive zone and declined below 1.1600 before finding support.

· There is a key bearish trend line forming with resistance at 1.1575 on the hourly chart of EUR/USD at FXOpen.

· USD/JPY rallied significantly before the bears appeared near 160.45.

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· There is a major bearish trend line forming with resistance near 159.20 on the hourly chart at FXOpen.

EUR/USD Technical Analysis

On the hourly chart of EUR/USD at FXOpen, the pair started a fresh decline from 1.1640. The Euro declined below 1.1600 and 1.1520 against the US Dollar.

The pair even declined below 1.1500 and the 50-hour simple moving average. Finally, it tested the 1.1445 zone. A low was formed at 1.1443, and the pair is now recovering losses. There was a move above 1.1500 and the 50-hour simple moving average.

The pair surpassed the 50% Fib retracement level of the downward move from the 1.1639 swing high to the 1.1443 low. On the upside, the pair is now facing resistance near the 61.8% Fib retracement and 1.1575. There is also a key bearish trend line forming with resistance at 1.1575.

The first major hurdle for the bulls could be 1.1605. An upside break above 1.1605 could set the pace for another increase. In the stated case, the pair might rise toward 1.1640.

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If not, the pair might drop again. Immediate support is near 1.1520. The next key area of interest might be 1.1480 or the 50-hour simple moving average. If there is a downside break below 1.1480, the pair could drop toward 1.1445. The main target for the bears on the EUR/USD chart could be 1.1400, below which the pair could start a major decline.

USD/JPY Technical Analysis

On the hourly chart of USD/JPY at FXOpen, the pair started a steady decline from well above the 160.00 zone. The US Dollar gained bearish momentum below 159.50 against the Japanese Yen.

The pair even settled below 159.00 and the 50-hour simple moving average. A low was formed at 158.44, and the pair is now consolidating losses. On the downside, the first major support is near 158.45.

The next key region for the bulls might be 158.00. If there is a close below 158.00, the pair could decline steadily. In the stated case, the pair might drop toward 156.80. Any more losses might send the pair toward 155.00.

Immediate resistance on the USD/JPY chart is near the 23.6% Fib retracement level of the downward move from the 160.46 swing high to the 158.44 low at 158.90.

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If there is a close above 158.90 and the hourly RSI moves above 50, the pair could rise toward 159.20. There is also a major bearish trend line forming with resistance near 159.20. The next major barrier for the bulls could be near the 50% Fib retracement level at 159.45, above which the pair could test 160.00 in the coming days.

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Franklin Templeton launches crypto division with 250 Digital acquisition

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Franklin Templeton launches crypto division with 250 Digital acquisition

Wall Street asset management giant Franklin Templeton is launching a dedicated cryptocurrency division as it deepens its push into digital assets, anchored by a planned acquisition of crypto investment firm 250 Digital.

The new unit, called Franklin Crypto, will bring together the 250 Digital team and its liquid crypto strategies — previously managed by CoinFund — under one structure aimed at institutional investors, the firm said Wednesday.

Former CoinFund executive Christopher Perkins will lead the division, with Seth Ginns serving as chief investment officer alongside Franklin Templeton digital assets executive Tony Pecore. The group will report to Sandy Kaul, the firm’s head of innovation.

The move builds on Franklin Templeton’s existing digital asset business, which manages about $1.8 billion, and signals a shift toward offering more active crypto investment strategies alongside its current products.

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“This is an exciting addition for Franklin Templeton,” CEO Jenny Johnson said, adding that the deal strengthens the firm’s ability to deliver dedicated crypto expertise to clients globally.

The launch of Franklin Crypto reflects a broader trend among large asset managers that are moving beyond passive exposure, such as exchange-traded funds, toward building in-house capabilities.

Perkins said the effort is aimed at meeting that demand. “Crypto’s institutional moment has arrived,” he said, pointing to growing interest from large investors seeking structured exposure to digital assets.

The transaction also includes an experimental element: part of the consideration will be paid using BENJI tokens, linked to Franklin Templeton’s on-chain U.S. Government Money Fund. The fund uses blockchain infrastructure to process transactions and record ownership.

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That approach suggests early steps toward conducting mergers and acquisitions using tokenized assets, with settlement occurring more directly on blockchain rails.

The acquisition is expected to close in the second quarter of 2026, subject to approvals and other conditions. Financial terms were not disclosed.

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Avalanche (AVAX) gains 4% as index moves higher

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9am CoinDesk 20 Update for 2026-04-01: vertical

CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.

The CoinDesk 20 is currently trading at 1968.28, up 1.0% (+20.29) since yesterday’s close.

Eighteen of 20 assets is trading higher.

9am CoinDesk 20 Update for 2026-04-01: vertical

Leaders: AVAX (+4.0%) and HBAR (+3.6%).

Laggards: BCH (-2.1%) and BNB (+0.0%).

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The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.

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Bitcoin Breaks 5-Month Losing Streak With $68K March Close: What’s Next?

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Cryptocurrencies, Bitcoin Price, Markets, BTC Markets, Price Analysis, Market Analysis

Bitcoin (BTC) closed March in green, ending the longest monthly losing streak since 2018. Data suggests that the coming months may prove to be profitable for BTC.

Key takeaways:

  • Bitcoin ended March 2% higher, marking the first green monthly close in six months.

  • A similar streak in 2018/2019 led to an over 316% BTC price rebound over five months.

  • Bitcoin price faces stiff resistance at $70,000-$72,000, where key trend lines converge.

Past multi-month downtrends were followed by 300% price gains

Historical price data from CoinGlass confirms Bitcoin printed its first green monthly candle in six months, closing March 2% higher after five straight months of losses.

“This is a massive dose of hopium,” analyst Ash Crypto said in an X post on Wednesday.

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The analyst was referring to a possible shift in momentum, which might lead to a sustained recovery, as seen in previous cycles.

Related: Crypto Fear & Greed Index stuck on ‘extreme fear,’ but is there a silver lining?

The last time this happened was in 2018/2019 when BTC closed February 2019 in green, after six consecutive red months, as shown in the figure below.

This led to a reversal with over 300% returns the following five months, as Bitcoin recovered from the 2018 bear market.

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“Last time BTC dumped 6 months in a row, it pumped the following 5 months in a row that came after!” trader Satoshi Flipper said in a Wednesday post on X.

Cryptocurrencies, Bitcoin Price, Markets, BTC Markets, Price Analysis, Market Analysis
Bitcoin monthly percentage returns. Source: CoinGlass

If history repeats itself, the reversal may continue in April, suggesting that BTC price may have bottomed at $60,000.

Bitcoin’s bullish monthly close is a ”catalyst for fresh inflows into early April,” Trader Caleb said, adding:

“April starts with momentum.”

Bitcoin has a well-established tendency for significant price swings in April.

Since 2013, April has been a green month for eight of the past 13 years, with average returns of about 12.2%

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However, Bitcoin also tends to move in the opposite direction to March in April, and this is true for nine out of the past 13 years. 

In recent years, Bitcoin dropped in April after closing March in green, three out of four times between 2021 and 2024. 

Therefore, while the end of past multi-month drawdowns suggests a rebound is due, data demonstrates that BTC price could also slide in April.

Watch these Bitcoin price levels next

Data from TradingView shows BTC price up 2.5% on the day to trade at $68,470 as the $69,000-$70,000 resistance remains in place.

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Analysts expect Bitcoin’s range-bound price action to continue for longer, with important price levels to look for in case of a breakout. 

These include the $70,000-$72,000 supply zone, coinciding with the 50-day simple moving average (SMA), the 50-day exponential moving average (EMA) and the 1w–1m cohort cost basis

This is also where investors acquired approximately 650,000 BTC, marking a potential point of sell pressure, according to the cost-basis distribution data from Glassnode.

Breaking above this level could see BTC/USD revisit the $76,000 range high and eventually the $80,000 psychological level.

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BTC/USD daily chart. Source: Cointelegraph/TradingView

Zooming out, trader Sheldon Diedericks said Bitcoin could “push into resistance” at $83,000 on the monthly time frame, a key support level from April 2025. The 200-day EMA is also close to this area.

BTC/USD monthly chart. Source: X/Sheldon Diedericks

On the downside, the 200-week EMA at $68,300 and the 200-week SMA at $59,400 remain key levels to watch. Below that, the next major level is Bitcoin’s realized price around $54,000.

As Cointelegraph reported, Bitcoin’s bear market bottom could be formed once BTC price drops toward or below its realized price.