Bitcoin (BTC) Rebounds From Panic Sell-Off as Market Eyes the $99,000 Historical Fair-Price Line

COINOTAG News, citing on-chain data analyst Murphy, notes that BTC rebounded after a sharp panic sell-off, with markets focusing on the $99,000 historical fair price line—the long-run premium of Bitcoin relative to its average entry price in history.

Historically, during the last two bear-to-bull transitions, BTC rebounded multiple times after dipping below the fair price line but failed to reclaim it decisively, eventually entering renewed downside pressure. This pattern underscores the fair price line as a key psychological and technical anchor for traders.

Current selling pressure stems from two sources: first, near-term trapped shorts trimming losses under stress; second, long-term profit-taking by holders. Although Bitcoin has retraced more than 30% from its peak, many long-term holders still retain substantial unrealized profits, suggesting a cautious stance ahead.