₿ Bitcoin Is Currently in an Interesting Moment: Between Correction, Bottom, and Recovery Signals

Bro, lately Bitcoin has been a hot topic. After reaching its peak in October 2024, now BTC's price has dropped more than 53% and even briefly fell below $60,000. For those new to the crypto world, this might be a bit scary. But for long-time players, this is a very familiar moment.

📉 What Is Actually Happening?

Bitcoin is currently in a long consolidation phase. Since early February, BTC has been moving sideways in the range of $60,000–$80,000. This is a fairly long consolidation period, bro. Looking at on-chain indicators like the Puell Multiple, which has dropped to 0.65 (one of the lowest levels in Bitcoin history), many analysts are starting to see signals of bottom formation.

But be careful, there are three major institutions—Galaxy Digital, NYDIG, and Standard Chartered—that have different views on this:

· Galaxy Digital says: Bitcoin has not bottomed yet. Out of 13 indicators, only 4 meet the criteria. They predict a bottom between $30,000–$54,000.
· NYDIG says: It might have bottomed, but still be cautious.
· Standard Chartered says: The bottom has already occurred at $59,000!

🔥 What Makes Us Optimistic

Although opinions differ, there are three things they all agree on:

1. The bottom will happen this year
2. Our current position is closer to the bottom than the previous peak
3. Bitcoin will enter a bull market again

Anthony Scaramucci from SkyBridge Capital is also optimistic. He predicts Bitcoin will rally by the end of 2026 to early 2027. According to him, this cycle isn't as severe as previous ones—corrections are only 50%, whereas past cycles could see up to 70%. Plus, institutional demand is strengthening through spot Bitcoin ETFs.

📊 Interesting Signals from the Bitcoin Network

Although prices are stagnant, Bitcoin network activity is actually rising to its highest level in 2026. Daily transactions are now over 800,000, a sharp increase from last year. Most of this is driven by protocols like Ordinals and Runes, but it still indicates a very active Bitcoin ecosystem.

💡 Lessons from Other Traders

There’s an interesting story from a trader at Gate Square. Last year, a trader entered at around ~$64,800. Once BTC broke $80,000, he started taking profits. At $92,000, he had gained 42%, and when it hit $108,000, his total profit was over 67%.

What set this trader apart: he focused on data. Whale accumulation, neutral funding rates, slowly rising open interest—not FOMO. He also used strict risk management, risking only 3-5% per position.

⚠ Important Notes

Bitcoin is indeed connected to macroeconomic fundamentals. Production costs (electricity + mining) can explain more than 20% of Bitcoin price movements under normal conditions. But during times of high uncertainty, sentiment factors and macro demand become more dominant.

In short: don’t just look at today’s price. Look at cycles, analyze data, and most importantly—manage your risks. Because in crypto, those who survive first, profit second.

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