#BTC #MARKET

Mr. 100 wallet holdings and P&L. Source: CoinStats

Related: Crypto on track to hit 1B users by end of 2025 — Analyst

Bitcoin price bottom may be in

Bitcoin’s current correction is the longest and deepest retracement of the current cycle, according to popular Bitcoin analyst Rekt Capital, who said in a May 2 video analysis:

“Whenever we’d get close to a 20% downside, that was typically a fantastic buying opportunity before price reversals towards the upside. So if we’re deeper than 20%, it is an even better opportunity than we had this cycle, because the deeper we go the closer we get to a bottoming in Bitcoin’s price action.”