Skip to navigationSkip to main contentSkip to right columnBibhu PattnaikThu, July 2, 2026 at 6:55 PM GMT+2 2 min readCrypto analyst Ali Martinez is pointing to a specific Bitcoin price level that he says has historically marked the definitive bottom of every major market cycle, and he's suggesting investors keep that number within reach if the current correction deepens.A market shifting back to buy modeMartinez, who posts on X as Ali Charts, opened his analysis with a notable observation about investor behavior over the past 30 days. After months of sustained selling through Bitcoin's recent price drop, he said, in his latest post on X, that the market has flipped back into accumulation mode, and what makes the shift stand out is how broad it is.Retail investors holding less than one Bitcoin and mid-sized whales in the 10 to 100 BTC range are both increasing buying intensity simultaneously. Even the largest entities, those holding between 1,000 and 100,000 BTC, have stopped distributing and quietly moved back to net buying, though at a more measured pace.Related: Exclusive: Billionaire reveals surprising next banking crisis"When small fish and whales buy at the exact same time, it historically indicates that the market has found a high-value price floor," Martinez said.Why $48,300 is the number he's watchingIn another post, Martinez flagged $48,300 as the level defined by what he calls the Bitcoin Investor Price, a metric he describes as one of the most accurate models for tracking the market's true cost basis.Unlike standard realized price calculations, this model strips out permanently lost or burned coins before calculating the average acquisition price of economically active Bitcoin.The result, he argues, is a cleaner picture of where the market's real floor sits. He noted that every major bear market bottom over the past 15 years has capitulated near this level, making it a historically consistent boundary between maximum seller exhaustion and the beginning of long-term recovery.Trending on TheStreet RoundtableBillionaire who called dot-com bubble makes shocking Bitcoin predictionAnalyst predicts 200% upside for Circle stock despite fierce competition