Market Outlook
Is Bitcoin bottom in? Saying yes or no to this question is merely a speculation. In this article, we will debunk whether the bottom is in or not. Let’s start with the basics and then we deep dive into those topics in details.
Bitcoin is currently trading at $ , hovering below an important resistance of $93.3K. Market sentiment is neutral to bullish as hopium is being sold into resistance. Let’s understand why our analysts think bottom is not in and bears still have control over Bitcoin’s price.
Key Pointers:
- Bitcoin has a death-cross
- Whales aren’t buying rather selling
- volumes on the buy side is diminishing
- No significant inflow in ETF’s
1. Bitcoin Has Formed a Death Cross — A Classic Bear Signal
A death cross happens when the 50-day moving average slips below the 200-day moving average, and historically, this pattern has been a reliable indicator of deeper downside ahead. While many traders shrug it off during bull markets, this time the structure is different. Bitcoin printed this death cross while failing repeatedly at major resistances, meaning the price action is already weak. What’s more concerning is how the market reacted afterward — instead of bouncing back strongly (like we usually see during strong bull phases), BTC continued drifting lower.
This shows that buyers are exhausted, momentum has flipped bearish, and the market is entering a slow bleed rather than a V-shaped recovery.When a death cross forms during a macro cool-off phase, it almost always leads to prolonged consolidation or a sharp leg downward. This aligns with our analysts’ view that $93.3K–$100K remains a supply zone, and Bitcoin may seek liquidity far lower before any true bottom is confirmed.

2. Whales Aren’t Accumulating — They’re Quietly Distributing
If you zoom out, every major Bitcoin rally has been fuelled by whale accumulation — the smart money buys when fear peaks. But that’s not what’s happening right now. On-chain wallet data shows that wallets holding 1,000+ BTC have been reducing positions, not increasing them. Instead of absorbing sell pressure, whales are contributing to it. This means the biggest players in the market do not believe this is the generational bottom.
Their behavior is defensive — offloading into strength, selling into any short-term pumps, and staying on the sidelines until volatility crushes retail. Retail traders, however, are still trying to “buy the dip,” while whales are doing the exact opposite. That mismatch usually resolves with a deeper correction.Simply put: if whales aren’t buying, the bottom isn’t in.
3. Buy-Side Volumes Are Shrinking — Demand Is Weakening
Volumes tell the truth when price doesn’t. Even when Bitcoin sees green candles, the buy-side volume is extremely weak. The market is moving up on thin liquidity, not on genuine conviction. This is exactly what happens in:distribution zones bull traps late-cycle market exhaustion as sellers increase pressure, buyers are not stepping in with enough strength to absorb it. And when buy volumes dry up, any sudden sell-off can trigger a cascade — especially with bots, leveraged traders, and ETF participants all reacting simultaneously. Weak volume + heavy selling pressure = a market that can’t support higher levels. This again supports the idea that the market needs a deeper flush before real buyers return.
4. ETF Inflows Have Stalled — Institutions Are Not Accumulating
During the early part of the cycle, ETF inflows were explosive — billions in capital poured into Bitcoin, pushing prices higher. That momentum created hope that ETFs alone would drive BTC to new highs effortlessly. But now the story has flipped. ETF inflows have:slowed dramatically, turned neutral, and in some cases shown consistent outflows. This is important because ETFs were responsible for a huge portion of demand in the previous uptrend. If institutional buyers are no longer adding to their BTC positions, the market loses its strongest engine. Institutions don’t buy bottoms out of emotion — they buy when risk-reward flips in their favour. Right now, they seem to believe Bitcoin is still expensive, even after the correction. When both whales and ETFs slow down accumulation, it’s a clear sign: the bottom is still forming, not confirmed.
Are We Preparing for the 2026 Bull Run?
Here’s the honest macro take:
The 2026 bull run is still highly probable — the Bitcoin cycle structure hasn’t broken. Halving effects, liquidity cycles, and macro resets often align to create a massive upside window roughly every 4 years. But before that, Bitcoin may not be done with its downside. Markets rarely bottom when:moving averages are bearish, whales are distributing, volumes are weak,ETF flows are stagnant and sentiment is still hopeful. Typically, bottoms form in max pain, not during optimistic speculation.The window between late-2025 and early-2026 still looks like the perfect accumulation zone, but Bitcoin may need to revisit deeper fib levels — such as the 0.786 retracement near $39K — before the next mega bull rally begins.
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