[Analysis: Bitcoin Short-Term Holder Activity Extremely Low, Approaching Historical Bottom Zone] BlockBeats reports that on August 4, South Korean crypto analyst Crypto Dan stated that Bitcoin is currently in a very cheap range. From a cyclical perspective, Bitcoin can be considered to have reached a level similar to past historical bottoms. While it is not yet certain whether the absolute bottom has been reached, indicators suggest that market participants' interest in the cryptocurrency market is as subdued as it was during previous bottoms. Considering the next upward cycle is expected to begin around 2027, the current price range is undoubtedly cheap. Charts published by Crypto Dan show that the 'Bitcoin Realized Market Cap to UTXO Ratio' is currently at a historical low of approximately 5%, similar to the low points of past cycles, indicating that short-term holder activity is extremely low and market interest is tepid, resembling historical bottom zones.