Bitcoin's True Market Mean Price has converged with its spot price, suggesting a potential market bottom. This onchain metric, which excludes lost coins and focuses on actively circulating supply, provides a clearer estimate of the average acquisition cost for traded Bitcoin. Unlike traditional realized price models, this approach avoids distortions from inactive coins. The convergence indicates that many Bitcoin holders are near breakeven levels, a condition historically associated with market bottoms. Previous instances of such convergence have preceded recovery phases within approximately 60 days. Analysts are closely monitoring this metric as it may signal the formation of an accumulation zone, with reduced selling pressure potentially leading to market stabilization.