Galaxy Digital: Bitcoin might test the 200-week moving average at $58K in the coming months Galaxy Digital's Head of Research, Alex Thorn, pointed out that currently, about 46% of Bitcoin's supply is at an unrealized loss. Bitcoin could continue to dip toward the supply gap bottom near $70K or even test the 200-week moving average (around $58K) and the realized price (around $56K). Historically, these two price levels often correspond to cycle bottoms and are key accumulation zones for long-term capital. At the same time, profit-taking by long-term holders is slowing down, but whales and long-term holders have not shown significant accumulation. Overall, Bitcoin may remain under pressure in the coming weeks to months, but long-term investors can watch for opportunities at key support levels.