[Analysis: Bitcoin Shows Turning Point Signal, but Bottom Remains Unclear] According to a report by Jinse Finance, on-chain metrics tracked by CryptoQuant indicate that the cost basis of long-term holders is approaching the breakeven line, a level that historically often precedes the bottom of a bear market. Following the release of strong non-farm payroll data, traders are now awaiting the delayed January inflation data; the prospect of prolonged high interest rates may trigger another drop in cryptocurrency prices. Some believe that panic selling may be nearing its end, based on the fact that market sentiment is in the extreme fear zone and there has been significant accumulation activity near the $60,000 support level.