Analysis: Bitcoin trading volume continues to decline, and may reach the bottom of the cycle in 2026.

According to a recent study by cryptocurrency analyst Jason Pizzino, Bitcoin's price may not reach a long-term bottom until October 2026, according to Odaily Planet Daily. Currently, BTC trading volume is declining, similar to the pattern seen in late 2022 and early 2023, reducing the likelihood of a short-term bull market resurgence. Meanwhile, CryptoQuant data shows that the share of exchange deposits held by large investors has fallen from 47% in mid-November to the current 21%, with the average deposit amount shrinking by 36%, indicating weakening selling pressure. If this trend continues, the BTC price could rebound to $99,000. The analyst points out that the 200-day simple moving average presents strong resistance, and with insufficient market risk appetite, Bitcoin may need to undergo a consolidation period before a new round of market activity. (Cointelegraph)