Bitcoin Shows Early Signs of Potential Market Bottom
CryptoQuant analysts say Bitcoin is flashing early signs of a potential market bottom. According to their data, Bitcoin has produced its second early bull signal, a pattern that has historically appeared closer to market bottoms.
This second early bull signal often emerges when the first signal appears after a decline. The current structure suggests a possible shift in investor sentiment and a potential turnaround in the market.
The 90-day correlation between Bitcoin and Gold has rebounded from nearly -0.9 in early 2026 to around +0.7, a level described as 'digital-gold-era levels' by CryptoQuant CEO Ki Young Ju.
This positive correlation with gold does not automatically mean Bitcoin is bullish, as both assets can move higher or lower together. However, it suggests that Bitcoin is being priced as a scarce, non-sovereign asset and a hedge against currency debasement, fiscal stress, and geopolitical uncertainty.