Grayscale Signals Bitcoin May Have Found Its Long-Term Bottom

Bitcoin may have already reached a long-term bottom, according to Grayscale, as this week’s rebound raises questions about whether the cryptocurrency will suffer another major decline in 2026.

The asset manager pointed to historical cycles and Bitcoin’s smaller drawdown from its record high. Bitcoin has fallen about 50% from its cycle peak, compared with declines of roughly 80% during previous market bottoms.

A sustained rebound could signal that investors are returning to accumulation, Grayscale said. Macro conditions, liquidity and investor sentiment could still determine whether the recovery holds.

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