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Grayscale Research Calls Bitcoin Bottom, Sees Early Bull Market Signals

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Bitcoin Realized Price

Grayscale has declared Bitcoin’s (BTC) bear-market floor, arguing the asset bottomed in the $65,000 to $70,000 range. The call runs counter to a wider consensus that places the low later in 2026.

Zach Pandl, head of research at Grayscale, said recent buyers have returned to breakeven after Bitcoin climbed more than 20% from its February 5 low near $63,000.

Grayscale’s On-Chain Case for a Bitcoin Bottom

Grayscale’s thesis rests on a metric called realized price, which averages a coin’s cost basis based on its most recent on-chain movement. It serves as a proxy for the market’s aggregate breakeven level.

For coins that changed hands over the past 1 to 3 months, Grayscale estimates the realized price at around $74,000. That level sits just below the current price level, leaving the newest cohort of buyers back at break-even.

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“If Bitcoin’s price rises further in the coming days, more recent buyers would move into positive PnL, which can be an indicator for marking the first phase of a bull market,” Pandl noted.

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Bitcoin Realized Price
Bitcoin Realized Price. Source: Grayscale

Bitcoin remains well beneath its October peak, but Grayscale contends the February rebound already carved out a durable floor. Further upside would push more recent buyers into positive territory. The firm views the rebound toward its cost-basis estimate as consistent with capitulation having already run its course.

“Bitcoin’s price is still well below its October highs, but many recent buyers are back to breakeven—potentially signaling that Bitcoin has put in a durable market bottom in the $65,000 to $70,000 range,” the analysis read.

Why Some Analysts Still See a Deeper Bitcoin Low

Not every researcher agrees that the worst has passed. Benjamin Cowen, CEO of Into The Cryptoverse and a former NASA researcher, told BeInCrypto his base case points to October 2026 for the cycle trough. An earlier bottom, he added, would require capitulation beyond historical mid-term norms.

“Bitcoin could bottom sooner, as early as May. But in order for that to happen, there would have to be some type of massive capitulation well below what we historically expect to see in midterm years,” he said.

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Joao Wedson, CEO of on-chain analytics firm Alphractal, lands in the same camp, expecting a low in late September or early October 2026.

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CryptoQuant has identified a broader window from June to December 2026, with September through November as the most probable period. That range gives the bearish case more room than Grayscale’s near-term thesis allows.

The split leaves traders weighing two outcomes. Either the February capitulation marked the cycle low and recent buyers are now in the early stages of a new bull trend, or Bitcoin has another leg down before a durable recovery begins later in 2026.

The post Grayscale Research Calls Bitcoin Bottom, Sees Early Bull Market Signals appeared first on BeInCrypto.

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WOJAK Crypto Meme Coin Pumps 87% as MAXI Targets $5M: Analyst Calls Most Obvious Trade of 2026

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WOJAK Crypto Meme Coin Pumps 87% as MAXI Targets $5M: Analyst Calls Most Obvious Trade of 2026

WOJAK crypto is moving again, and the meme coin faithful are paying attention. The original despair-fueled token surged as much as 87% in a 24-hour window, reigniting a sector that many had written off after months of sideways consolidation.

Whether this leg holds or fades fast is the question every trader is asking right now.

The rally appears supply-driven. On-chain data tracked by MEXC shows aggressive accumulation alongside a tightening circulating supply, with whale wallets absorbing selling pressure at key floor levels.

Volume spiked into the move, a distinction that separates genuine breakouts from low-liquidity noise. One chart making rounds on Crypto Twitter shows WOJAK printing its highest weekly close since its 2023 peak. That kind of structure demands a closer look.

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The broader ETH memecoin sector is catching a bid at the same time, suggesting this isn’t an isolated pump. Ethereum-based meme tokens are drawing renewed capital as gas conditions improve and risk appetite expands, a context that matters when sizing any position here.

Can WOJAK Crypto Price Sustain Its Breakout or Is a Reversal Imminent?

WOJAK crypto is currently priced at approximately $0.0₆1021, sitting on a market cap of roughly $41.5M after the multi-day surge. That’s a meaningful number, small enough to move fast, large enough to attract institutional-grade meme traders who track this tier specifically.

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The move here is not just a one-candle spike; it looks like sustained buying over a short window, with volume well above average, which usually signals real interest rather than a quick pump.

The structure is pretty clean when viewed in market-cap terms. Right now, the key resistance sits around $50M, and that is the level that decides whether this continues or stalls.

Source: Tradingview

If it breaks above $50M with volume holding, that is where momentum can expand fast and open the path toward $100M as the next target, especially with traders chasing strength.

If it gets rejected there, the more realistic outcome is a cooldown, with price settling and accumulating around the $30M area while the market digests the move.

The risk is that it starts losing structure rather than consolidating, because once distribution kicks in, these moves unwind quickly.

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And at this size, the further it runs without a reset, the worse the risk-reward gets, so anyone entering now is chasing momentum, not early positioning.

Maxi Doge Presale Nears $5M as WOJAK Traders Hunt Earlier-Stage Upside

WOJAK’s surge is validating the meme coin thesis — but at $21.5M market cap and already up 187%, the easy money has cleared the table (that’s just math). Traders who want the next WOJAK-style move, not the current one, are looking earlier in the funnel.

Maxi Doge ($MAXI) is currently the presale generating the most discussion in that context. Built on Ethereum as an ERC-20, the project has raised $4,748,137.43 at a current price of $0.0002814 — closing in hard on the $5M milestone.

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The concept is built around a 240-lb canine juggernaut embodying a 1000x leverage trading mentality: gym-bro energy meets aggressive market culture, packaged into holder-only trading competitions with leaderboard rewards and a Maxi Fund treasury backing liquidity and partnerships.

Recent coverage confirms the presale’s momentum toward that $5M threshold. Dynamic staking APY is live for current holders. The tagline, never skip leg-day, never skip a pump, is aggressively on-brand for the audience it’s targeting.

Presales carry real risk: no secondary market liquidity until launch, and meme projects live or die on community velocity. Do the work. But for traders who missed WOJAK’s entry, Maxi Doge is worth researching before that $5M milestone closes the current tier.

Visit Maxi Doge Here

The post WOJAK Crypto Meme Coin Pumps 87% as MAXI Targets $5M: Analyst Calls Most Obvious Trade of 2026 appeared first on Cryptonews.

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Bitcoin Bull Score Index Rebound Fails to Quash 2022 Bear Market Fears

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Bitcoin Bull Score Index Rebound Fails to Quash 2022 Bear Market Fears

Bitcoin (BTC) price metrics are showing relief this month, but the risk of repeating the 2022 bear market remains.

Key points:

  • Bitcoin’s Bull Score Index combined price metric reaches its highest levels since October last year.

  • The relief may be short-lived, analysis warns, pointing to the 2022 bear market.

  • Crypto sentiment reaches its most bullish since January, per the Crypto Fear & Greed Index.

Bitcoin Bull Score Index ditches “bearish” zone

New data from onchain analytics platform CryptoQuant place the spotlight on the Bitcoin Bull Score Index (BSI).

Bitcoin has finally entered “neutral” territory with its push to $78,000, the latest BSI data confirms, with the Index climbing to its highest since October 2025.

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BSI incorporates nine price metrics to give an overall impression of performance. Since the bear market began, it has been sharply bearish — just as in the early stages of the previous bear market four years ago.

“First time in this bear market that the Bull Score Index enters neutral zone (50),” CryptoQuant contributor Julio Moreno noted in an X post on Wednesday.

Bitcoin Bull Score Index. Source: CryptoQuant

Moreno cautioned that despite the pressure being off for now, BSI also had a brief cooling-off period before the 2022 bear market continued.

“In March 2022, the Bull Score entered neutral territory for about a week, and then the price resumed its decline,” he added.

Should history repeat, attention will be on the Index’s performance into the April monthly close, as BTC/USD attempts to break out of a multi-month range.

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Examining BSI readings last week, with price around $74,000, CryptoQuant contributor Arab Chain described a “balance between supply and demand forces.”

“On the other hand, the current BSI reading shows that the market is still far from the area of strong optimism (above 60), which typically indicates strong bullish conditions, while also remaining above the zone of extreme pessimism (clearly below 40),” they wrote in a “QuickTake” blog post. 

“This places the market in a transitional phase, as investors await new catalysts to determine the next direction.”

Sentiment edges to most bullish since January

Other signs of a broader market recovery come from crypto trader sentiment.

Related: BTC price due new highs: Five things to know in Bitcoin this week

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According to the Crypto Fear & Greed Index, a classic lagging indicator that uses a basket of factors to reflect the mood among investors, conditions are at their least negative since mid-January.

Fear & Greed measured 32/100 on Wednesday — still within its “fear” zone while like BSI also approaching the “neutral” bracket.

The Index value has nearly tripled in a little over a week.

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Crypto Fear & Greed Index (screenshot). Source: Alternative.me