Lookonchain APP

App Store

Analysis: Bitcoin will not bottom out this quarter; the current sideways consolidation is a false stability, with the real bottom and accumulation window arriving in October.

2026.07.19 23:57:47

Market analyst Noname has published a post refuting the current "bottom is already here" narrative, arguing that calling a bottom is premature. The current sideways consolidation essentially reflects indecision, with "hesitation at this level usually preceding a downward breakout before an upward move." The analyst outlined a clear path forecast for the second half of 2026: July will see "false stability" and a bear trap rally, with volatility to flush out weak positions; August will mark the start of the real decline, testing the $50,000 level for the first time; September will extend downward pressure, with a W-bottom structure beginning to form; October will be the actual bottom and accumulation zone, at which point participation strategies will turn aggressive; November will show initial signs of recovery, with prices starting to rebound from the bottom; December will bring the possibility of returning to $100,000 for the first time since the bear market began. The analyst emphasized that the final sell-off is still imminent, though most refuse to believe it. "Don’t let the sideways movement fool you." In terms of rhythm, the decline since the June high is a full liquidation of the three-year rally. Previous bear cycles all ended with corrections of over 80%; the current price is roughly 50% down from its all-time high, so if history repeats, lower targets should still be within expectations. The analyst predicts the final bottom will not drag into the fourth quarter—this cycle will complete in the third quarter. An oversold zone with expanding volume may be observed between August and September, followed by a breakout in the fourth quarter, and returning to $100,000 by year-end will be the minimum rebound target needed for bulls to repair structural damage.

Relevant content

WTI crude oil breaks above $101, surging 5.16%

According to Bitget market data, WTI crude oil has broken through $101 per barrel, rising 5.16% intraday. Brent crude oil has surpassed $107 per barrel, gaining 5.72% on the day.

10 minutes ago

The probability that the U.S. will pass an AI safety bill this year has doubled to 30%.

According to Polymarket data, the probability that the U.S. will pass an artificial intelligence security bill this year has doubled to 30%, amid growing warnings from researchers about AI risks.

10 minutes ago

A crypto whale holds a large long position in WTI and Brent crude oil, boasting an unrealized profit of $3.29 million, and is the largest long position holder for both assets on Hyperliquid.

According to TradingBeats monitoring, whale address 0xfc...59d9d is currently heavily long on two crude oil assets, with a total position value of approximately $47.16 million and a combined floating profit of around $3.29 million. This address is the largest holder of WTI and Brent crude oil long positions on Hyperliquid. Specifically, it holds about 189,600 units of WTI crude oil xyz:CL 20x long positions, with a position value of roughly $18.8 million, an average entry price of approximately $92.07, and a current floating profit of about $1.3475 million. Meanwhile, it holds around 272,500 units of Brent crude oil xyz:BRENTOIL 20x long positions, with a position value of approximately $28.36 million, an average entry price of roughly $96.94, and a current floating profit of around $1.9465 million. Additionally, the address also holds about 248.03 BTC in 10x short positions, with a position value of approximately $19.12 million, an average entry price of about $78,456, and a current floating profit of roughly $336,000.

10 minutes ago

Bankrupt crypto ATM operator Bitcoin Depot has around a quarter of its devices acquired at a low price.

Crypto ATM operator Bitcoin Depot (BTM) has completed the sale of some of its assets after filing for bankruptcy protection in May. Publicly traded digital asset infrastructure firm Bitcoin Bancorp (BCBC) acquired 2,547 ATMs for just $620,750, representing more than a quarter of Bitcoin Depot’s over 9,200 total devices. Key factors behind Bitcoin Depot’s bankruptcy include a 49% year-over-year drop in first-quarter revenue, and a swing from a $12.2 million profit in the year-ago period to a $9.5 million loss. The company attributed its unsustainable business model to increasingly strict regulatory requirements.

10 minutes ago

Uniswap Labs launches "StablePair Hook" designed specifically for stablecoin trading pairs.

Uniswap Labs has launched the "StablePair Hook", a new Uniswap v4 hook built exclusively for stablecoin trading pairs including USDC/USDT and USDC/USDG. The StablePair Hook uses dynamic fees instead of fixed fees, with fees adjusting based on the degree of deviation between the liquidity pool’s price and its reference price. When the price is near the reference level, the mechanism adjusts per-trade fees to maintain a fixed spread between bid and ask prices. Uniswap Labs notes that if the price moves outside this range, trades that push prices further away from the range will incur no fees, as these trades already provide a favorable price for the liquidity pool. Trades that pull prices back toward the reference price operate via a Dutch auction: fees start at a high level and decrease with each subsequent block until a trader accepts the terms, enabling liquidity providers (LPs) to capture more gains from price pullbacks. The first StablePair Hook pools will launch on Ethereum, supporting the USDC/USDG and USDC/USDT pairs. Uniswap Labs also reported that stablecoin-to-stablecoin swap volume on the Uniswap platform reached $43.4 billion in the second quarter, exceeding the combined total of the second and third-ranked on-chain trading platforms.

10 minutes ago

White House Crypto Advisor: Progress Made on All Outstanding Disagreements Regarding the CLARITY Act

Patrick Witt, executive director of the White House Digital Asset Advisory Council, said progress has been made on all disagreements surrounding the CLARITY Act, and he is optimistic about the bill’s advancement. “I feel pretty good about this,” Witt stated. Earlier reports noted Witt had previously mentioned the CLARITY Act currently has only a few remaining contentious issues, including ethical provisions, stablecoin rewards, and returns, with related negotiations ongoing. The bill is slated for a key procedural vote in the U.S. Senate on September 15.

10 minutes ago

Popular tokens

BitcoinEthereumHyperliquidSolanaTRONBNBTetherAaveXRPPepeFartcoinOndoJupiterUniswapBonkPendleEthenaArbitrumAvalancheLidoChainlinkPolygonDogecoinCardano