As per CoinEdition, Bitcoin network activity has slowed, with fewer transactions and lower fees amid the ongoing bear market. Highly active addresses have declined, signaling reduced speculative trading and a potential quiet accumulation phase. Analysts from CryptoQuant note that the current market conditions resemble the 2018 bear cycle, but with a larger user base, indicating structural resilience. GugaOnChain, a verified author at CryptoQuant, confirmed the bearish trend using the Bull-Bear Cycle indicator and the 30-day moving average. Separately, analyst Ali Martinez projected that Bitcoin could reach its market bottom in October 2026, with a potential drawdown of around 70% and a target bottom near $37,500.
Bitcoin Enters Quiet Accumulation Phase; Analyst Predicts 2026 Market Bottom
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Summary
Bitcoin news shows the network entering a quiet accumulation phase, with lower transaction volumes and fewer active addresses. Analysts at CryptoQuant compare the current bear market to 2018 but note a larger user base. GugaOnChain confirmed the bearish trend using key indicators. Bitcoin analysis by Ali Martinez suggests a potential 2026 bottom near $37,500 after a 70% drawdown.
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