Bitcoin Market May Not Have Reached Its Bottom Yet, CryptoQuant Analysis Suggests

Are We in the Mid-Cycle Consolidation Phase?

CryptoQuant, a company specializing in on-chain analysis of digital assets, released its weekly market report on the 26th. The report suggests that the Bitcoin (BTC) market is clearly in a phase of leverage unwinding, but when compared to historical data, it likely has not yet reached its bottom.

Firstly, the yield curve for Bitcoin futures at the CME (Chicago Mercantile Exchange) has generally decreased compared to one year ago and the latter half of 2025...