Woofun AI reports that Bitcoin has traded below the critical investor holding cost threshold for five consecutive months, maintaining its position within the deep value zone. While selling pressure from long-term holders has reached its peak, net outflows continue to characterize Bitcoin spot ETF fund flows.

The derivatives market exhibits cautiously bullish sentiment, yet options pricing indicates persistent investor apprehension regarding downside risks. Consequently, Bitcoin is currently undergoing the bottoming process but has not yet finalized this phase.