The estimated average entry price of active #Bitcoin holders is around $73,000, excluding investors who have held their coins for more than seven years since they are no longer actively participating and some of that supply may even be lost.

With Bitcoin currently trading near $70,000, the price is below the cost basis of these active investors, a situation that has mostly occurred during the later stages of past bear markets. If Bitcoin can climb back above this level and hold it, that would be an early positive sign that market conditions may be improving.