Grayscale: Bitcoin may have bottomed out, and this week's rise is a key sign of cycle reversal

Comparing the news, Grayscale wrote that this week could be a turning point for Bitcoin. Judging from historical data, Bitcoin usually bottoms out after falling about 80% from the top of the cycle. Meanwhile, in the recent round of the bear market, Bitcoin fell about 50% from the high point of the cycle. Up to this stage, its decline was less than in all previous cycles.

Until now, the market has been discussing whether Bitcoin will experience a new round of decline in the fourth quarter of 2026. Although the market is still risky, this round of gains this week may indicate that Bitcoin has formed a more solid bottom.