CryptoQuant analysts estimated the realized price of Bitcoin (the average purchase cost of all coins on the network) at $53,600, calling this mark a potential date for the asset. Head of the research department, Julio Moreno, emphasized that current demand for the first cryptocurrency remains "extremely unfavorable": in the last week it fell by 652,000 BTC, which was the sharpest drop since early 2022.

Institutional interest is also declining. Capital inflows into spot Bitcoin ETFs became negative in 30 days, reaching -74,000 BTC. On June 10 alone, net outflows from US funds amounted to $213.85 million, with BlackRock (IBIT) and Grayscale (GBTC) recording the largest losses. Despite this, CryptoQuant notes no signs of massive surrender: the total realized holder loss for the month was 187,000 BTC, which is significantly lower than previous breakdowns, and many short-term investors are still making a profit.

Experts believe that current levels may be a "candidate at the bottom," but to start a sustained uptrend, the market needs a change of tack - demand stabilization and a return of inflows into ETFs. At the time of release, Bitcoin was trading for around $62,651, still under pressure from bears, while K33 analysts had previously called the $60,000 zone attractive for savings.