ChainCatcher reported that Grayscale posted on X that Bitcoin’s rally this week may be a sign of a market turning point. The firm said Bitcoin has historically bottomed after falling about 80% from a cycle peak, while in the current bear market BTC has declined by only about 50% from its high, which is less than in earlier cycles. Grayscale also noted that the market has been debating whether BTC could fall further in the fourth quarter of 2026. Even so, it said downside risk has not fully disappeared, but this week’s rebound may suggest a more durable bottom has formed.
ChainCatcher reported that Grayscale said on X that Bitcoin’s gain this week could be a sign of a market turning point.
The firm said Bitcoin has typically found a bottom after falling about 80% from a cycle peak. In the current bear market, BTC has dropped by as much as about 50% from its high, a smaller decline than in previous cycles.
Before this week’s rebound, the market was still debating whether BTC could move lower in the fourth quarter of 2026. Grayscale said downside risk has not fully gone away, but the rebound may indicate that a more durable bottom has already formed.
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