PANews reported on April 5th that crypto analyst Murphy stated on the X platform that the average cost of all currently losing Bitcoin is only $93,600. This means that under the current loss structure, if BTC rises back to $93,000, all the losing tokens would break even on average. Although there are still many tokens trapped above, it can be concluded that during the two rapid declines at the end of last year and the beginning of this year, a large number of high-priced trapped tokens chose to cut their losses and leave the market, thus lowering the average cost of the overall floating losses. This figure has a deviation coefficient of 1.4 from the current 30-day average BTC price, while the deviation coefficient at the bottom of the past three bear markets was at least greater than 2.0. A deviation coefficient greater than or equal to 2.0 means that when entering the absolute bottom range, the BTC price was less than half of the "average cost of losing tokens." For this condition to be met, BTC would need to fall to $46,800 in this round. If it doesn't fall to that level, then this will be the most unique bear market in history because it will be much less painful than any previous bear market.