Market Bottom

Bitwise argues that STRC’s sharp drop looks like a late-cycle deleveraging event rather than a warning of imminent liquidation at Strategy. The firm says the next major wave of Bitcoin demand may come from institutional buyers, not Strategy itself.

Cantor says bitcoin appears to be in the late stages of its current bear cycle, with historical patterns suggesting a possible bottom around October. The bank also says future crypto leaders will be networks that turn real usage into lasting token demand.

A rare cluster of on-chain indicators tracked by Hyperion Decimus has appeared only a handful of times in Bitcoin’s history. Portfolio manager Chris Sullivan says the next move could decide whether BTC breaks higher or suffers a final capitulation.

Bitcoin’s long-term moving averages are nearing a bearish crossover that often worries traders. Historically, however, the signal has tended to appear near bear market bottoms and before fresh bull runs.