2026-06-25
Bitcoin continues to trade in bearish territory, but on-chain data from Glassnode suggests the market may be approaching a bottom near the $60,000.
Bitcoin continues to trade in bearish territory, but on-chain data from Glassnode suggests the market may be approaching a bottom near the $60,000.
Jiang Zhuoer, the founder of Chinese Bitcoin mining pool BTC.top, has forecast that the current Bitcoin bear market will likely reach its floor.
Despite the current bear market pressures, a new analysis suggests that Bitcoin (BTC) may be significantly undervalued relative to its long-term cycle structure..
21Shares, a prominent digital asset management firm, has publicly acknowledged that its earlier prediction regarding the end of Bitcoin’s traditional four-year market cycle.
Data from Coinglass reveals that a decline in Bitcoin’s price to $61,746 would trigger the liquidation of approximately $608.81 million in long positions.
Bitcoin option traders are increasingly positioning for a sharp decline, with significant buying activity in put options targeting a drop to $52,000 over.
Bitcoin miners are facing sustained financial pressure as the cryptocurrency’s price has remained below the estimated cost of production for five consecutive months,.
Bitcoin experienced a notable surge in buying pressure after its price dipped below $60,000 earlier this month, with investors accumulating approximately 260,000 BTC.
Bitcoin’s next cycle bottom may settle at a significantly higher price floor than in previous downturns, according to fresh research from Galaxy Digital..
Bitcoin crossed the $64,000 threshold on Tuesday, continuing a steady upward trend that has seen the world’s largest cryptocurrency gain over the past.