Bitcoin Market Shows Potential Bottoming Signs
Analysts observe signs of a Bitcoin local bottom as market participants monitor US election outcomes and on-chain indicators.

Analysts observe signs of a Bitcoin local bottom as market participants monitor US election outcomes and on-chain indicators.

Bitcoin may target $96,700 as market dynamics shift from leverage-driven growth to on-chain capital accumulation, according to Glassnode.

On-chain data from 2026 shows that Bitcoin holders maintained profitability better than in previous bear markets, with large entities shifting toward significant accumulation.

CryptoQuant analysts report that a decline in Bitcoin UTXOs held at a loss suggests the end of the current bear cycle, despite recent interest rate hikes and regulatory setbacks in the US.

Bitcoin’s realized capitalization has returned to growth for the first time in 2026, signaling a fresh inflow of capital into the network.
