Bitcoin Bottom Signal Yet to Flash, Big Price Crash Still Ahead, On-Chain Data Shows
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On-chain data as of July 8, 2026 indicates Bitcoin has not yet reached its cycle bottom because key historical indicators that marked prior bear market lows have not flashed, despite ongoing massive drawdowns. This raises downside risk for crypto prices and adoption, signaling potential further price crashes that could pressure exchanges, DeFi and token markets.
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Latest on-chain data for Bitcoin suggests the leading crypto may not have reached its cycle bottom despite the current massive drawdowns. This is because key historical indicators have yet to flash the signals that marked previous bear market lows.
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In This News
Coins
$ 64.25K
+0.37%$ 0.00187
+3.59%Predictions Markets
See what traders are focused on
Share:
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