Bitcoin's aggregate cost basis reached an all-time high of $40,980 by the end of 2024, reflecting an 86% increase over the previous year. This cost basis serves as a key indicator of Bitcoin's fair value and may act as a support level during future bear markets. Analysts, including Adam Back of Blockstream, assert that Bitcoin's 'floor price' has passed $40,000, with metrics indicating potential support as high as $44,000, correlating to a 200-week moving average of $43,983. Bitcoin's recent price movements remain sensitive to economic indicators, particularly the US Consumer Price Index (CPI) data set for release on February 12, which could influence investor sentiment and market direction. Despite recent volatility and selling events attributed to concerns about trade tensions, Bitcoin maintained its price above key thresholds. Overall, the market is poised for potential bullish activity amid ongoing economic indicators.

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