{"id":96559,"date":"2026-04-28T12:50:07","date_gmt":"2026-04-28T09:50:07","guid":{"rendered":"https:\/\/u1f987.com\/en\/?p=96559"},"modified":"2026-04-28T12:55:21","modified_gmt":"2026-04-28T09:55:21","slug":"bernstein-identifies-60000-as-bitcoins-clear-bottom","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bernstein-identifies-60000-as-bitcoins-clear-bottom\/","title":{"rendered":"Bernstein Identifies $60,000 as Bitcoin&#8217;s &#8216;Clear Bottom&#8217;"},"content":{"rendered":"<p>As the leading cryptocurrency approaches $80,000, analysts at Bernstein believe the market is becoming fundamentally stronger. They described the recent dip to $60,000 as a &#8216;clear bottom,&#8217; reports <a href=\"https:\/\/www.theblock.co\/post\/398996\/the-best-days-of-crypto-are-ahead-bernstein-sees-asymmetric-upside-and-structurally-longer-bull-cycle\">The Block<\/a>.\u00a0<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;The best days for digital assets are ahead \u2014 we anticipate a higher and structurally longer bull cycle,&#8221; the experts stated.<\/em><\/p>\n<\/blockquote>\n<p>The analysts explained the growth potential through several factors:<\/p>\n<ol class=\"wp-block-list\">\n<li><strong>Influx of institutional capital.<\/strong> According to Bernstein, demand from <a href=\"https:\/\/u1f987.com\/en\/news\/what-is-a-cryptocurrency-etf\">ETFs<\/a> strengthens the base of bitcoin holders: about 60% of the supply has not moved for over a year.\u00a0\u00a0<\/li>\n<li><strong>Bitcoin accumulation by Strategy.<\/strong> The company has <a href=\"https:\/\/u1f987.com\/en\/news\/strategy-acquires-34164-btc-for-2-54-billion\">accumulated<\/a> 818,334 BTC and attracts yield-focused investors through its STRC product.<\/li>\n<li><strong>Expanded access to crypto products via traditional financial infrastructure.<\/strong> Analysts highlighted the spot <a href=\"https:\/\/u1f987.com\/en\/news\/morgan-stanley-seeks-approval-for-bitcoin-etf-launch\">exchange-traded fund by Morgan Stanley<\/a> and the <a href=\"https:\/\/u1f987.com\/en\/news\/analysts-warn-of-short-squeeze-risks-in-cryptocurrency-market\">Charles Schwab platform<\/a> for trading digital gold and Ethereum.\u00a0<\/li>\n<\/ol>\n<p>Bernstein also evaluates the market beyond bitcoin. Blockchain infrastructure is increasingly used in settlements, payments, and tokenization. As an example, experts pointed to <a href=\"https:\/\/u1f987.com\/en\/news\/what-are-stablecoins\">stablecoins<\/a>, whose supply has exceeded $300 billion.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/img-844a330183613daa-2970970597872659.webp\" alt=\"Stablecoins market cap: DefiLlama\" class=\"wp-image-279120\"\/><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/defillama.com\/stablecoins\">DefiLlama<\/a>.\u00a0<\/figcaption><\/figure>\n<p>According to them, &#8220;stablecoins&#8221; are becoming less dependent on market sentiment and are more frequently used for real dollar payments.\u00a0<\/p>\n<p>The <a href=\"https:\/\/u1f987.com\/en\/news\/what-are-rwas-real-world-assets\">RWA<\/a> segment has grown to $345 billion \u2014 a 110% year-on-year increase. The main contributions came from private loans and treasury bonds.<\/p>\n<p>Bernstein acknowledged that long-term risks remain. Among them is the <a href=\"https:\/\/u1f987.com\/en\/news\/radical-plan-to-shield-bitcoin-from-quantum-computers-sparks-outrage\">quantum threat<\/a>. Nevertheless, experts expect blockchains to transition to post-quantum security mechanisms in time.\u00a0<\/p>\n<h2 class=\"wp-block-heading\">Recovery of Activity\u00a0<\/h2>\n<p>At the time of writing, the leading cryptocurrency is trading around $76,800. Over the past day, the asset&#8217;s price has dropped by 1.3% after rising above $79,000.\u00a0<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/img-3b2f1516be0e1808-2970984645776460.webp\" alt=\"Bitcoin (BTC) price chart: TradingView\" class=\"wp-image-279121\"\/><figcaption class=\"wp-element-caption\">Hourly chart BTC\/USDT on Binance. Source: <a href=\"https:\/\/ru.tradingview.com\/chart\/atJ4mYHE\/?symbol=BINANCE%3ABTCUSDT\">TradingView<\/a>.\u00a0<\/figcaption><\/figure>\n<p>Analysts at XWIN Japan attributed the correction to a liquidity crisis caused by forced closures of leveraged long positions totaling $100 million.\u00a0<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Bitcoin\u2019s Sudden Drop Explained \u2014 Structural Downside Driven by Leverage Liquidations<\/p>\n<p>\u201cWeekend market structure played a key role. With reduced participation from institutions and liquidity providers, order books become thin, making prices more sensitive to market orders.\u201d \u2013 By\u2026 <a href=\"https:\/\/t.co\/zxNE0bjuOV\">pic.twitter.com\/zxNE0bjuOV<\/a><\/p>\n<p>\u2014 CryptoQuant.com (@cryptoquant_com) <a href=\"https:\/\/twitter.com\/cryptoquant_com\/status\/2049034505185353908?ref_src=twsrc%5Etfw\">April 28, 2026<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The recovery of open interest to $25 billion indicates the return of leverage to the market, experts noted. According to them, bitcoin&#8217;s dynamics are once again sensitive to traders&#8217; positioning, and the risk of sharp movements amid liquidations is increasing.<\/p>\n<p>Additionally, Glassnode <a href=\"https:\/\/insights.glassnode.com\/btc-market-pulse-week-18\/\">pointed out<\/a> the revival. The Spot CVD indicator, reflecting market buyers&#8217; activity, rose by 199% over the week \u2014 from $18.3 million to $54.8 million.<\/p>\n<p>Perpetual CVD increased by 174.7%, reaching $315.1 million. This indicates strengthening buying pressure simultaneously in the spot and derivatives markets.<\/p>\n<p>On-chain metrics also signal the return of capital. The adjusted transfer volume in the network of the leading cryptocurrency rose by 36.6% \u2014 to $7.6 billion.\u00a0<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/img-4a930db056d0997f-2971009828681327.webp\" alt=\"Bitcoin active addresses: Glassnode\" class=\"wp-image-279122\"\/><figcaption class=\"wp-element-caption\">Source: Glassnode.\u00a0<\/figcaption><\/figure>\n<p>Glassnode did not observe signs of speculative overheating. The share of &#8220;hot money&#8221; (funds from new short-term participants) decreased to 17.5% \u2014 significantly below historical levels of frenzy. According to analysts, the market is controlled by long-term holders.\u00a0<\/p>\n<p>An additional signal is the improvement in the unrealized profit and loss indicator, which rose from -7.4% to -3.5%. The share of supply in profit reached 63.9%. The number of losing investors is decreasing, and their pressure on quotes is weakening.\u00a0<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;In summary: the bitcoin market shows a combination of bullish momentum, cautious sentiment, and consolidation. While buying pressure remains steady, the decline in speculative activity suggests a more balanced approach: investors are balancing between risk and capital rotation,&#8221; concluded Glassnode.\u00a0<\/em><\/p>\n<\/blockquote>\n<p>Back in April, analyst Michael Terpin <a href=\"https:\/\/u1f987.com\/en\/news\/analyst-predicts-bitcoins-bottom-at-57000\">predicted<\/a> bitcoin&#8217;s bottom at $57,000. He expects the cryptocurrency to reach this level in October.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As bitcoin nears $80,000, Bernstein analysts see the market growing stronger. They called the recent drop to $60,000 a &#8216;clear bottom&#8217;.<\/p>\n","protected":false},"author":1,"featured_media":96560,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Bernstein analysts see bitcoin's recent $60,000 dip as a 'clear bottom' amid market strength.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1643,480,1273,1268],"class_list":["post-96559","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bernstein","tag-bitcoin-price","tag-glassnode","tag-on-chain-analysis"],"aioseo_notices":[],"amp_enabled":true,"views":"8","promo_type":"1","layout_type":"1","short_excerpt":"Bernstein analysts see bitcoin's recent $60,000 dip as a 'clear bottom' amid market strength.","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/96559","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=96559"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/96559\/revisions"}],"predecessor-version":[{"id":96561,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/96559\/revisions\/96561"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/96560"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=96559"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=96559"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=96559"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}