Has #Bitcoin bottomed out yet? Historical data hasn't confirmed that.

About eight months after its October 2025 peak, #Bitcoin has corrected by approximately 51%, deeper than the 2013–2015 cycle at the same time, but still significantly lower than the 2018 and 2022 bear markets, where declines reached nearly 70%.
History also shows that cyclical bottoms typically form 12–13 months after a peak, with common declines ranging from -77% to -85%. Therefore, considering only cyclical statistics, the market may still be in the process of finding its bottom.
However, the positive aspect is that many on-chain signals have begun to improve. Most notably, a Hash Ribbons Recovery Cross has appeared, indicating that miner capitulation pressure is decreasing and mining activity is gradually stabilizing.
The current cycle may not be a complete repeat of the past, but history shows that #Bitcoin's bottoming process usually takes more time than a single sharp drop.