Bitcoin may have already reached a long-term bottom, according to Grayscale, as this week’s rebound raises questions about whether the cryptocurrency will suffer another major decline in 2026.
Grayscale Signals Bitcoin May Have Found Its Long-Term Bottom
Bitcoin may have already reached a long-term bottom, according to Grayscale, as this week’s rebound raises questions about whether the cryptocurrency will suffer another major decline in 2026.
CryptoRank
Publisher
Aug 22, 2026 at 11:49 PM UTC · 1 min de leitura

Key Signal
50% Bitcoin drawdown from peak
Entities
bitcoin, grayscale
Market Impact
BTC-1.09%$77,092
Last Updated
há 26 minutos
The asset manager pointed to historical cycles and Bitcoin’s smaller drawdown from its record high. Bitcoin has fallen about 50% from its cycle peak, compared with declines of roughly 80% during previous market bottoms.
A sustained rebound could signal that investors are returning to accumulation, Grayscale said. Macro conditions, liquidity and investor sentiment could still determine whether the recovery holds.
Related: Bitcoin Eyes $100K After Shallow Pullback as Institutional Demand Returns
Bitcoin Tests Key Technical Level
Bitcoin traded near $77,282 on Aug. 22, slightly above its 50-week moving average of about $77,234, according to TradingView data on…
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Bitcoin
BTC
$77,111
-1.07% (24H)
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$1.55T
24H Volume
$29.8B
24H High
$78,800
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