How low can Bitcoin fall to? Let me share some data. The black line in the figure represents the price of Bitcoin, and the yellow line represents the average cost of the entire network. The calculation method is to weight the average price of each Bitcoin when it last moved on the chain based on transaction volume, and then divide it by the current total circulation. The current average cost is 54785, and the average cost for long-term holders is 41000, while the average cost for short-term holders is 89000. Therefore, even though the panic index has hit a historical low of 5 and the market is howling in agony, the current Bitcoin price is still higher than the average cost across the entire network. In the 22 year deep bear, Bitcoin had a minimum cost of 15000, while the average cost was 20000 at that time. In the 19 year deep bear, Bitcoin had a minimum cost of 3.1, while the average cost was 4.6. In both extreme cases, the price of Bitcoin was around 70% of the average cost. So theoretically, if we continue to decline further, the number 54785 is already the limit, and assuming that God doesn't spare anyone and wants to drive everyone to death, the average cost price of 75% would be 38349. Here's the data for you, bottom fishing strategy. Everyone can develop it according to their own situation. No matter what, let's meet you at the peak of the bull market completely!