Just a week ago, Bitcoin (BTC) slid to a new cycle low around $59,000 last week. While it is slowly recovering, it is down more than 50% from the all-time high of around $126,000 it reached in October 2025. As per CoinGecko, year-to-date reveals a drop of over 29%, while it has dropped more than 24% in the past one month. At press time, it was trading near $61,792. According to on-chain analytics firm CryptoQuant, Bitcoin may be looking at a new bottom. CryptoQuant's head of research, Julio Moreno, told The Block a bigger problem is the shrinking demand. By CryptoQuant's measure, total demand, which blends ... (full story)