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Reading: Crypto Giants Warn Bitcoin Slump Hasn’t Hit Bottom as Market Turmoil Grows
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COINTURK NEWS > Bitcoin (BTC) > Crypto Giants Warn Bitcoin Slump Hasn’t Hit Bottom as Market Turmoil Grows
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Crypto Giants Warn Bitcoin Slump Hasn’t Hit Bottom as Market Turmoil Grows

In Brief

  • Industry leaders warn Bitcoin has yet to reach its bottom amid worsening market uncertainty.

  • On-chain data confirms increased selling pressure and institutional risk management strategies dominating.

  • Experts say patience is essential as deleveraging and low activity persist across the crypto landscape.

Fatih Uçar
Fatih Uçar 4 weeks ago
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The Bitcoin market is roiling, with no clear end in sight to the turbulence. Recent data released by leading industry research firms such as Matrixport and Glassnode signals that the top cryptocurrency may still have further to fall before finding a bottom. Despite the ongoing appetite of buyers to “buy the dip,” Bitcoin’s value—having lost half its worth in recent months—remains trapped under mounting downward pressure, casting a pall of uncertainty across the entire crypto landscape.

On-Chain Metrics Trigger Bearish Alarms

Glassnode, a respected observer of the cryptocurrency ecosystem, reports a decisive shift toward “put” options in the Bitcoin derivatives market since the price slipped below $82,000. Rising open interest and heightened implied volatility point not toward renewed optimism, but toward risk-averse defensive maneuvers aimed at protecting current holdings. Notably, short-term investors now face significant unrealized losses, with their average cost base lingering around $90,900—far above current price levels.

Contents
On-Chain Metrics Trigger Bearish AlarmsBear Cycle Patterns and Strategic Opportunities

As Bitcoin hovers near the $68,277 mark, Realized Price data has dropped from $55,600 to $54,900 in just a week, highlighting the deepening institutionalization of selling pressure. Charts showing values falling below average costs may foreshadow panic sales or a wave of capitulation more likely than ever before. Market volume has shrunk by 7% in the past 24 hours, further indicating that traders prefer to sit on the sidelines and watch rather than take risks.

According to CryptoQuant, the “Bull Score Index” has tumbled to zero, cementing a sentiment of overwhelming bearishness. Well-known industry whales like Garrett Jin have started liquidating large Bitcoin and Ethereum positions, signaling that heavyweight investors see little hope for a near-term rebound. These hefty sell-offs are fueling liquidity constraints and feeding a self-reinforcing downward spiral across the crypto sector.

Bear Cycle Patterns and Strategic Opportunities

Matrixport’s strategists emphasize that Bitcoin actually began to lose steam from mid-2025 onward. The increasing frequency of sharp drops in excess of 20%—rare during bull runs—stands as the clearest indicator of a fundamental market structure shift. Veteran participants and OG whales recognized these warning signs as far back as July last year and began taking profits, anticipating tougher times ahead.

Analysts caution that bear markets rarely unfold in straight lines. While the broader trend stays negative, dramatic—and at times misleading—rallies can occur. Despite signs of easing US inflation (CPI), Bitcoin has struggled to capitalize, pressured by waning network activity and notable ETF outflows. In such a landscape, closely monitoring cleansing of leveraged positions and stabilization of on-chain transactions becomes especially crucial for investors seeking to navigate the storm.

The current bearish phase, experts argue, is an inevitable part of Bitcoin’s historical cycles. Completion of the deleveraging process and the tapering off of institutional outflows are regarded as key milestones in pinpointing the true market bottom. With interest subduing and network activity dropping, specialists suggest that those hunting for the bottom will need to show patience, as macroeconomic indicators appear disconnected from Bitcoin’s price for now.

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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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Fatih Uçar 16 February, 2026 - 10:39 am 16 February, 2026 - 10:39 am
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