CryptoQuant analysts have identified areas of potential Bitcoin bottom using two key models. As analyst Axel Adler, Jr. has noted, the SSRR (Adjusted Sell-side Risk Ratio) indicator shifted to a "red zone" for the first time since last cycle during a price drop to $60,000, signaling a phase of deep stress and accumulation. In parallel, the CVDD model points to a structural "sex" of the current cycle at around $48,000, which historically serves as the fundamental risk boundary. The current price has already recovered to $66,000, and the indicator has begun to roll up. Together these metrics delineate the current accumulation zone, although analysts warn that the SSRR red signal does not guarantee automatic reversal.

The situation is compounded by the sharp decline in demand for Bitcoin - about 650,000 BTC in the last 30 days, which is one of the lowest figures since 2019. Market participants' views on the bottom were divided: Coinbase CEO Brian Armstrong believes that a local bottom has already formed around $60,000, while marketer Wintermute calls current growth only a technical rebound amid continued outflows of institutional capital from ETFs.