Bitcoin finds stability at 2023 investor cost basis, echoing past cycle

Onchain cost basis data suggests $60,000 is a critical support, with deeper historical support near $54,000. What to know : Bitcoin recently held the 2023 realized price around $63,700 as support, echoing similar behavior seen during multiple corrections in 2023. The broader realized price sits near $54,300, a level historically breached in bear markets, making it the next major downside support if $60,000 fails.