Bitcoin’s $60K level emerges as accumulation zone as CVDD model flags $48K potential cycle floor

Bitcoin’s Adjusted Sell-side Risk Ratio (SSRR) moved into its red zone around $60K as the value of supply in loss matched and then exceeded supply in profit. A separate valuation model, CVDD, places the market’s structural floor near $48K. Together, the indicators frame $60K as an accumulation area while highlighting $48K as the key downside level to watch.