Bitcoin’s network metrics recorded massive loss-making by the holders of the first cryptocoin. Darkfost noted that the volume of transactions closed in minus (UTXO) reached peak values. Such a signal has first appeared since the start of the autumn correction of 2025. The expert points out that historically such periods of surrender have proved to be most advantageous for long-term investors who use easing to accumulate assets.

Technical analysis also gives mixed but encouraging signals. Analyst Lucas Vintra found a bulge divergence in the relative power (RSI) graph, noting that the price drop slowed to $59,000 due to the lack of expected panic among market participants. At the same time, another expert known as Niels believes that the bottom has not yet formed. According to his projections, for a full reversal, Bitcoin will need to test a zone around $55,000.

The specialists of the analytical platform Swissblock distinguish three classical stages of price bottom formation. The first is a trial characterized by sharply increased pressure from sellers and negative momentum. Second, the formation of a base when the price stabilizes, the momentum weakens, and the market moves into a neutral phase, absorbing sellers' leftovers. Stage three - recovery, in which the positive momentum is replaced by robust growth and the start of a new uptrend.

According to Swissblock experts, Bitcoin has already passed the stage of a shock test and is now in the phase of forming a foundation. These findings resonate with recent analysts' warnings that consumer demand in the market remains critically weak, which explains the ongoing protracted lateral movement.

***

The material is prepared solely for informational purposes and does not constitute a financial advice or recommendation.