Bitcoin RSI Hits Record Lows as Mid-Size Wallets Buy

Bitcoin’s daily and two-week relative strength index readings reached record lows as on-chain data for the past 60 days shows concentrated buying by mid-size wallets. Addresses holding 1,000–10,000 BTC added 53,042 BTC in that period while wallets holding more than 10,000 BTC reduced balances by 39,840 BTC. Smaller holders also increased positions.

Glassnode’s Accumulation Trend Score recorded the strongest activity among the smallest cohorts: wallets holding less than 0.1 BTC scored 0.78 and the 10–100 BTC cohort scored 0.71, indicating sustained inflows over recent weeks. Addresses holding 100–1,000 BTC added 12,233 BTC and the 10–100 BTC group added 1,283 BTC. The 1–10 BTC cohort trimmed exposure.

Market commentary referenced the low RSI readings as a potential buying window for long-term investors. Michael van de Poppe wrote on social media: ‘The lowest Bitcoin read on the 2‑Week RSI, and Daily RSI EVER. That’s the best thesis for accumulating and buying your Bitcoin.’ He added that panic-driven selling could continue while presenting buying opportunities.

Analyst Titan of Crypto flagged a quarterly fair value gap between $56,800 and $44,600, a price zone left relatively untraded after a sharp move. Historical charts show similar quarterly imbalance zones were revisited in prior cycles before bottoms formed; the current gap remains unfilled and is cited as an area to monitor if the correction extends.

Glassnode co-founder Rafael pointed to the cumulative value days destroyed-to-price ratio, or CVDD, which stands near 0.73. Rafael noted the ratio has tended to approach 1.0 near previous cycle lows and referenced a CVDD floor around $46,000. Using that measure, he placed a potential cycle bottom in a $52,000–$59,000 range.

On-chain flows and valuation metrics show accumulation among small and mid-size holders while the largest wallets reduced holdings. Analysts identify the quarterly fair value gap and CVDD ranges as reference points for where further support could appear as market conditions evolve.