Willy Woo: The on-chain model for Bitcoin predicts a bottom range of $46,000 to $54,000

On-chain analyst Willy Woo pointed out that traditional on-chain models indicate that the current bottom range for Bitcoin is expected to be between $46,000 and $54,000.

Data shows that Bitcoin storage funds have been continuously flowing out since last year, while the cumulative value days destroyed (CVDD) bottom model currently reads $45,500, which has the characteristic of continuously increasing in value over time.