Bitcoin Shows Early Signs of Bottom Despite Lingering Market Stress

BitcoinWorld Bitcoin Shows Early Signs of Bottom Despite Lingering Market Stress Bitcoin is showing early signs of a potential bottom, even as broader market stress persists, according to recent technical and on-chain indicators.

As of this week, several metrics suggest that selling pressure may be exhausting, though traders remain cautious about a definitive reversal. Key Metrics Point to Exhaustion Multiple on-chain indicators are flashing signals that historically have preceded market bottoms.

The Bitcoin Puell Multiple, which measures miner profitability, has dropped to levels seen in previous cyclical lows. Similarly, the MVRV (Market Value to Realized Value) ratio has fallen below its 365-day average, a zone that often marks undervaluation.

Additionally, exchange inflows have declined, indicating that fewer holders are moving coins to exchanges to sell. This reduction in sell-side pressure, combined with a stabilization in funding rates, suggests that the panic selling phase may be cooling off.