据 Odaily 报道，EmberCN 监测显示，一名巨鲸地址约 50 分钟前继续加仓 BTC 多头仓位，目前其 BTC 多单规模已达到 1,662.5 枚 BTC，价值约 1.08 亿美元。

数据显示，该仓位开仓均价约为 63,958 美元，当前浮盈约 138 万美元。由于该仓位使用较高杠杆，其清算价格距离当前价格较近，约为 63,142 美元。

Odaily reported that CryptoQuant analyst Darkfost stated on platform X that data shows Bitcoin is currently forming a significant support level in the $59,000 to $70,000 range, making it one of the most fiercely defended price zones in Bitcoin's history.

Currently, approximately 50% of Bitcoin's total supply has been exchanged above $59,000; if millions of Bitcoins considered permanently lost are excluded, this proportion would further increase. This round of exchange is primarily driven by short-term holders (STHs). Market participant behavior is diverging, with some investors choosing to sell off in panic while others continue to accumulate.

However, although multiple indicators have entered extremely pessimistic or oversold zones, the formation of the $59,000 to $70,000 range is reasonably justified. But this does not mean the market has confirmed a bottom. More accurately, Bitcoin's bottom structure is still in the process of being constructed. Additionally, the large trading volume peak near $84,500 mainly originated from internal Bitcoin transfers on Coinbase and should not be included in market behavior analysis.

Analysis shared by blockchain analytics platform CryptoQuant on July 18 shows that Bitcoin's short-term holder cost basis has fallen below the adjusted long-term holder cost basis, triggering a "bear market end" signal. This signal uses a 3-day confirmation window to compare the average purchase prices of short-term and long-term holders. 

The analysis shows that short-term holders refer to investors who have held Bitcoin for less than 6 months, while long-term holders refer to those who have held Bitcoin for more than 6 months. The short-term holder cost basis has fallen from $112,500 to $69,000, reflecting that Bitcoin purchased over the past 6 months has changed hands at lower prices. The analysis states that the adjusted long-term holder cost basis excludes Bitcoin held for more than 7 years to reduce the impact of dormant supply. This current crossover is described as a change in holding structure, pointing to a late-stage bear market, but it does not equate to a confirmed market bottom or the start of a new bull market. 

The analysis also indicates that if the short-term holder cost basis rises back above the adjusted long-term holder cost basis, it would align with the bullish confirmation signals seen in previous cycles. Until then, this signal merely suggests that the Bitcoin bear market may be nearing its end.