Bitcoin is on the move again — trading around $73,000 at press time — as the flagship crypto stages a recovery after a period of intense volatility.
Price action and drivers
- After a stretch of wild swings, BTC’s latest upswing comes amid renewed demand for crypto as a potential safe-haven amid rising geopolitical tensions. That narrative, combined with renewed buying, has helped lift prices back toward recent highs.
- Traders have seen Bitcoin move quickly up and down in recent weeks, but the recent momentum suggests the market may be stabilizing.
Veteran investor: worst of the selling may be over
Mark Yusko, a long-time market investor, argues the harshest selling pressure for Bitcoin could already be behind us. His thesis is straightforward: when an asset trades below what investors perceive as its fair value, long-term buyers start accumulating, which stabilizes the market and sets the stage for a new leg higher. Yusko estimates Bitcoin’s fair value near the $80,000 range and notes BTC recently traded closer to $70,000 — a gap that has encouraged accumulation by patient holders and, in his view, signals the deleveraging phase of this cycle is winding down.
On-chain data backs up accumulation story
Supporting that view, on-chain analytics firm Santiment reports the percentage of Bitcoin held on exchanges has dropped to its lowest level since November 2017. Less supply sitting on exchanges is widely interpreted as a sign of longer-term accumulation (and reduced selling pressure), which is typically bullish for price structure over time.
What to watch next
- Whether momentum can push BTC back toward the $80K zone will depend on continued accumulation, trader re-entry, and broader macro or geopolitical developments.
- Watch exchange balances, derivative liquidity, and volume for clues about whether this rally is sustainable or another volatile swing.
Bottom line: With exchange supply at multi-year lows and veteran investors pointing to a stabilization driven by accumulation, the market narrative is tilting bullish — but volatility remains a feature, not a bug. Will Bitcoin reclaim $80,000? Market participants will be watching closely.
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