On-chain CVDD signals Bitcoin bottom near $47,960 support
Analyst maps the next Bitcoin floor. The CVDD line sits at $47,960.
Renowned analyst Ali Martinez shared the call in an X post on April 4. He uses the CVDD on-chain model.
Bitcoin CVDD comes from Coin Days Destroyed. It tracks where long-term holders distribute. That zone often marks macro bottoms.
Martinez sets the floor at $47,960. Price trades near $67,279 now. He calls this the “ultimate support.” The post shows prior rebounds near this line.
Key levels and metrics:
- Price $67,279. Daily +0.69%. Weekly +0.72%.
- Cycle low $60,000 in this drawdown.
- Devaluation 46.7% in this bear market.
- Market cap about $1.34T.
- Dominance 58.1%.
If price tests the CVDD floor, history shows strong bounces, per Martinez’s analysis. He frames $47,960 as the market’s structural base.
