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Grayscale stated in a post on platform X that the rise of Bitcoin this week may signal a market turning point.It pointed out that historically, Bitcoin prices typically bottom out after a retracement of about 80% from the peak of the cycle; however, in this bear market, BTC has only retraced about 50% from its peak, which is a smaller decline than in previous cycles. The market had previously been discussing whether BTC would further decline in the fourth quarter of 2026, but Grayscale believes that although the downside risks have not been completely eliminated, this week's rebound may indicate that the market has formed a more sustainable bottom.

Famous trader and chart analyst Peter Brandt, who successfully predicted the Bitcoin crash in 2018, stated yesterday that Bitcoin was originally in an inverted head and shoulders pattern and was overall in a downtrend, thus bearish. However, the recent surge has caused the Bitcoin pattern to ultimately turn into a valid bottom. Brandt candidly mentioned that he "bought in at the breakout, regardless of good or bad."On July 20, Peter Brandt indicated that he expects the current market cycle for Bitcoin to bottom out on October 4, 2026, and believes that investing in Bitcoin for the next two to three years may outperform investing in AI stocks.

According to on-chain analyst Yu Jin (@EmberCN), a certain address built a long position of 20,000 ETH (total position of about 38.72 million USD) at an average price of 1,936 USD when ETH just showed a rebound signal at 9 PM last night.Subsequently, ETH surged to 2,300 USD, and that address accurately captured the entire increase in this round, with a single profit of up to 6.55 million USD.

According to Bitcoin Magazine, the Chief Investment Officer of Bitwise stated that Bitcoin appears to be close to the bottom, and there seems to be volatility in the market that could be released upwards. He noted that when observing the market currently, he feels quite optimistic about the trends for the remainder of this year.

Well-known crypto KOL Ansem posted that looking back at the third quarter of 2026, the market may find that there were actually clear signs of a bottom in the crypto market at that time.Ansem pointed out that retail activity has shown a significant upward turning point for the first time in years, but most people in the market interpreted this change as a bearish signal. He believes that this cognitive dissonance may ultimately prove to be an important characteristic of the market bottom formation.

Well-known crypto KOL Ansem posted that institutional funds are shifting towards a bullish outlook on the crypto market, including billionaire Stanley Druckenmiller buying HYPE, Robinhood launching its own L2, and hedge fund giant Paul Tudor Jones increasing his Bitcoin position.He also pointed out that the regulatory environment in the crypto industry is significantly improving, while crypto-native investors still generally maintain a strong bearish and pessimistic sentiment. Ansem believes that the combination of institutional funds turning bullish, the improving regulatory environment, and the still extremely pessimistic internal market sentiment constitutes a typical condition for the market to form a bottom.

The research institution 10x Research published that Bitcoin's current price of about $63,000 is a critical level that will determine whether market sentiment trends towards a bottom or a collapse. Bitcoin had been fluctuating narrowly around $60,000 for six months before the 2024 U.S. election, and this level also served as the top construction area of the 2021 cycle. After Trump's victory confirmation, Bitcoin quickly rose from $70,000 to $90,000, briefly falling below $90,000 during the tariff impact in April 2025, but due to most holders still being in profit, the trading during this pullback was light.10x Research stated that due to the very low turnover in the $70,000 to $90,000 range, it warned in November 2025 that if it fell below $93,000, Bitcoin could experience a sharp decline, as there was almost no supply to slow the decline from that range down to around $65,000, and the subsequent downward trend confirmed this judgment. Currently, Bitcoin is once again consolidating in the $60,000 area for about six months, but during this period, the actual distribution of turnover chips has significantly changed, which has a substantial impact on the next movement of this position. The institution will further elaborate on the importance of this level, the role of exchange balances, and the timing of leveraged traders possibly returning to the market.

Crypto analyst Ali Charts posted that, based on Bitcoin's four-year cycle, he expects BTC to reach the market bottom between October 6 and 16.He believes that before the final capitulation phase arrives, investors should develop a dollar-cost averaging strategy in the range of $62,000 to $48,000, gradually accumulating Bitcoin. He assesses that the current bear market is nearing its end and states that now is the time to start turning bullish.

On-chain analysis firm Glassnode stated that the native support for Bitcoin has begun to disappear. The large buy walls accumulated below the price in June have started to withdraw, and the remaining support is clearly thinning, forming a weaker bottom structure.Glassnode indicated that it continues to closely monitor this indicator in its weekly updates, showing that the liquidity and buy thickness below the market are weakening, and attention should be paid to the subsequent price volatility risks.

According to Cointelegraph, asset management company VanEck stated that Bitcoin is approaching the cycle bottom, which may mean that investors should start to gradually rebuild their positions.

Bitget has launched the US stock bottom-fishing interest-earning product FCN (Fixed Coupon Note), allowing users to use USDT to subscribe to structured products linked to US stock rToken and set target purchase prices. According to the product rules, if the observation price at maturity is greater than or equal to the exercise price, users will receive the USDT principal and the agreed USDT interest; if the observation price at maturity is lower than the exercise price, the USDT principal will be converted into the corresponding number of US stock rToken at the exercise price, while also receiving the agreed USDT interest.At the same time, the platform has launched a first-time rebate activity. Users who successfully subscribe to FCN for the first time with a single amount of no less than 1,000 USDT can receive up to 20 USDT; if the cumulative subscription amount reaches the specified threshold, an individual can receive a maximum cashback reward of 10,000 USDT. For more details, please refer to the official Bitget platform.

Renowned trader Killa posted that during the last bull market, Bitcoin began to recover from its lows before the ETF rumors and official approvals, emphasizing that the market often reflects positive news in advance.Therefore, this round may be similar; the current "Clarity Act" is forming a new narrative. "If it indeed becomes a catalyst, it is likely to mark the beginning of the first meaningful upward phase for BTC after the first bear market recovery, and the approval itself will soon push BTC towards a new ATH (just like the ETF approval)."Killa, a quantitative trader focused on BTC, predicted the peak of this bull market in May 2025 and has over 200,000 followers on the X platform. In mid-April, he shorted Bitcoin at $74,688 and turned bullish during the market-wide decline on June 5.

Renowned trader Doctor Profit posted that a historical indicator for Bitcoin is signaling that "the bottom has either formed or is very close." In 2015, 2019, and 2022, the bear market bottom formation phase began when the realized price of holders for 3 to 6 months fell below the realized price of holders for 1 to 2 years. He believes this indicates that newer buyers are capitulating and selling at a loss, with Bitcoin gradually transferring to longer-term holders.Currently, this crossover is appearing for the fourth time, while the BTC price is below the average cost of both categories of holders. However, historically, this signal does not immediately lead to a reversal; Bitcoin typically experiences several months of sideways movement to complete the bottoming process, so this phase can also be seen as a long-term accumulation range. He believes we are currently in the bottom formation and long-term accumulation phase of the bear market. Doctor Profit stated that over the past few weeks, he has been gradually buying BTC in batches within the range of $54,000 to $64,000, continuing to build his position incrementally with 5% of his portfolio each time.

CryptoQuant analyst MorenoDV_ stated that data shows the Ethereum Unspent Net Profit and Loss (NUPL) on the Binance platform has fallen back to around -0.35, entering a range that has historically corresponded to significant price bottoms multiple times.This indicator reflects the unrealized profit and loss status of a specific group of holdings, and the current negative value indicates that the overall Ethereum holdings are in a relatively deep unrealized loss.

According to Binance spot data, the market has experienced significant fluctuations. EPIC has dropped by 22.56% in 24 hours, while DODO has increased by 7.79%, showing a rebound after hitting a low.At the same time, OSMO, RE, and ENSO have all shown a "high and then low" state, with declines of 6.75%, 5.51%, and 5.23% respectively. In addition, ASTSB and LSK have reached new highs today, with increases of 6.53% and 9.41% respectively.

Jiang Zhuoer, the founder of the Liebit Mining Pool (B.TOP), stated in a post that the previous three major bottoms of Bitcoin were accompanied by "high losses and large fluctuations," while the current characteristics are "losses not high enough and smaller fluctuations." He believes that rather than betting on this being an unprecedented "calm bottom," it is better to view it as a "breathing stage" in the process of finding a bottom.Jiang Zhuoer cited the market situation in 2018 as an example, when the $6,000 level of BTC was tested multiple times and was seen by many investors as a bottom that would not be broken. Before breaking below, BTC traded sideways in the $6,000 to $7,000 range for about two and a half months, which is quite similar to the current sideways trading in the $60,000 to $70,000 range for two months, after which the price fell to $3,000.

Cryptocurrency analyst Ai posted on the X platform that multiple technical indicators at the monthly level for Bitcoin are releasing bullish signals, suggesting that the current market may have formed a macro bottom. Data shows that the TD Sequential indicator triggered a buy signal on the Bitcoin monthly chart last month. This indicator previously successfully identified the bottom of the bear market in 2022 and is now showing a similar signal again. Additionally, Bitcoin's current price is close to the 50-month simple moving average (SMA). Historical data indicates that since 2014, this long-term moving average has repeatedly become an important support area for Bitcoin and corresponds with multiple market bottoms.Meanwhile, the Chande Momentum Oscillator (CMO) has fallen back to around -71. The last time this indicator reached a similar level was in June of this year, when Bitcoin's price briefly dropped to $57,000. Historically, extreme low levels of CMO often coincide with market bottom areas. Analysts believe that Bitcoin may still oscillate in the range of $60,000 to $67,000 in the short term, but the TD Sequential buy signal, 50-month moving average support, and CMO oversold condition together indicate that a long-term cycle bottom may have formed. The market will focus on whether subsequent prices can break through the oscillation range to confirm a new upward trend.

The founder of the Liebit Mining Pool (B.TOP), Jiang Zhuoer, made a prediction about the bottom of this bear market based on the previous three rounds of Bitcoin bull and bear cycles: "According to historical data fitting, the decline ratios for the four cycles are: 86.9%, 84.1%, 77.6%, 65.1% (this round prediction), corresponding to a BTC price of $44,016, expected to occur on October 31."

Well-known crypto KOL Ansem posted that signs of a bottom forming are appearing in the crypto market. Firstly, prices are beginning to show resilience against negative news; for example, when Saylor sold millions of dollars in the range of $58,000 to $60,000, BTC continued to form higher lows. Secondly, crypto-native mobile applications are starting to see actual user growth, with Pump.fun's weekly revenue increasing by 20% and Fomo surpassing 100,000 users within a week; institutional interest is also rebounding, including progress from Robinhood Chain and billionaire Paul Tudor Jones publicly bullish on BTC. Additionally, the popularity of crypto-related content on social media is rising again.Ansem stated that if on-chain tokens continue to create higher highs after the initial volume peaks, the number of holders of popular tokens continues to grow, mainstream media refocuses its reporting, developers experiment with new on-chain mechanisms, and successful protocols provide incentives through airdrops, it may further confirm that a new bull market has begun.