On March 30th, crypto analyst Willy Woo stated that some traditional on-chain models indicate that BTC's bottom is roughly between $46,000 and $54,000, while also hinting at the possible waiting time. The amount of capital stored in BTC has been flowing out since November. However, it is important to note that these models also have limitations.

These models are based on historical behavior, and Bitcoin has only experienced four bear markets in history, all occurring within the context of a long-term bull market for risk assets. If this foundation is broken, we may enter uncharted territory (a deeper bear market). Ultimately, I believe that due to the potential breakdown of the long-term bullish macro structure globally, the probability of a deeper bear market is quite high. #成长值抽奖赢金条