Wu said that analyst Willy Woo posted on Twitter that on-chain models indicate the BTC bottom range is expected to be between $46,000 and $54,000. The CVDD Floor Model is currently around $45,500 and is rising over time. The orange line represents continuous outflows of BTC capital since November. Additionally, the model is based on historical behavior, covering only the previous four bear markets, all within a long-term bull market environment for risk assets. If this basis changes, the market could enter a deeper and more uncertain bear market zone.

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