Regarding the recent price movement of Bitcoin, Rafael, co-founder of Glassnode, pointed out on the X platform on June 5 that the current price of Bitcoin is in the $62,000 range, which has fallen by nearly 50% from its all-time high. The price has dropped by 24% in the past month, and has broken through the upper range of its pricing framework, entering the valuation cluster area where the bottom of the historical cycle has occurred.
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