The indicator is below 30 points after a brief period of capitulation in June 2026 — we even published an analysis reinforcing this signal, which historically has signaled bottom formation BTC

Expectations with this recent movement reinforce the thesis of bear market reversal, with the price breaking through a key bearish structure and the decline in supply at loss on network.

If the historical pattern repeats itself in market, the indicator is likely to continue its downward trend toward the 10-point range and below, with BTC price rising.

Written by G a a h