Has Bitcoin bottomed out? Data shows it might have.
Bitcoin down 50% from $126K; on-chain patterns signal macro bottom as long-term holders face historical losses. Gold correlation swing (+0.7 vs -0.9) repositions Bitcoin from risk asset to safe-haven hedge—reshaping treasury and portfolio strategy.
Three-bar S&P/Bitcoin ratio pattern completing August 31 preceded all three major cycle lows in 15 years without exception. September-December bar closing up would break the signal for the first time, reshaping Bitcoin allocation cycle timing for institutions.
Bitcoin nears completion of a rare 15-year bottom signal that marked the 2015, 2018 and 2022 cycle lows almost perfectly.