Grayscale: This week could be a turning point for Bitcoin
2026-08-22 23:01:28
According to CoinMeta, Grayscale indicates that this week could be a turning point for Bitcoin. Historically, Bitcoin has typically hit bottom after its cycle peak price has fallen by about 80%. In the recent bear market, Bitcoin fell by about 50% from its peak, which is less than the decline seen in all previous cycles. There have been discussions in the market about whether Bitcoin will fall again in the fourth quarter of 2026. Although there are still risks, this week's rebound may indicate that we have reached a more sustainable bottom.
Source:X
This content is for market information only and does not constitute investment advice.
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