Greyscale: Bitcoin or bottom touched, rising this week as a key sign of a periodic reversal

On 22 August, a grey message indicated that the week could be a turning point for bitcoin. In historical data, bitcoin usually hits the bottom after about 80 per cent down from the top of the cycle. As of this stage, Bitcoin fell by about 50 per cent from its cyclical height in the latest round of bear markets, which was smaller than in all previous cycles. The market had been discussing whether Bitcoin would face a new fall in the fourth quarter of 2026. Although there are still risks in the market, this week ' s round may indicate that bitcoin has formed a more solid base。