Bitcoin shows potential bottom as 900‑hour sell pressure eases

Analysts note that Bitcoin’s prolonged bear market may be nearing a bottom. On‑chain data indicate long‑term holders have largely stopped taking profits and sell‑side pressure has eased for the first time since September 2025. CryptoQuant reported that about 9,030 BTC left Binance, suggesting renewed spot demand. The Coinbase Premium Index has turned sharply negative, reflecting U.S. institutional investors still net‑selling, yet the extreme level of the premium has historically acted as a bullish signal.

Bitcoin is consolidating near $65,000, with some forecasts pointing to a rise toward $70,000 in August. Historical patterns show a five‑wave correction during previous bear markets (2015, 2018, 2022), and the current cycle appears to follow a similar trajectory, potentially bottoming earlier than the typical four‑year cycle. While some view the recent upside as a “dead‑cat” bounce, others caution that the bear market could persist until September or October, based on Grayscale data. The mixed signals keep timing the next move uncertain for investors.