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Bitcoin drops to cost of production zone, signaling potential bear market bottom near $63,000.

Market News
13 Aug 2026
Blockonomi
View Source
Bearish
Bitcoin drops to cost of production zone, signaling potential bear market bottom near $63,000.

Bitcoin's price has fallen to its cost of production zone, a level historically marking bear market bottoms, currently holding near $63,000 to $64,000, about 50% below its 2025 peak. Spot Bitcoin ETFs saw $144.6 million in outflows on August 10, breaking a five-day inflow streak, while volatility is at a two-year low, indicating a possible sharp move soon. Long-term holders are experiencing unrealized losses, but not yet at past cycle bottom levels, suggesting either further sell-offs or steady demand from corporate buyers. Analysts note that if Bitcoin drops below $60,000, another decline may occur, but recovery could signal easing holder stress and a potential rally by 2027 following its four-year cycle pattern.

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