All-time low: The supply in profit metric has broken its trend line from previous cycles by dropping to 10.2 million BTC. Sales reduction: The 90-day average of spent transaction outputs from veteran investors dropped to a volume of 962 BTC. Forced liquidations: The derivatives market recorded a forced closure volume worth $404 million.

Has Bitcoin Already Bottomed? On-Chain Data Hints at a 2026 Bear Market Floor