"Bitcoin bottom signal has arrived"...Coinbase and Glassnode reveal Q2 rebound point

▲ Bitcoin (BTC)

An analysis suggests that Bitcoin (BTC) will bottom out and rebound in the second quarter of 2026. This is the result of analyzing data from Coinbase and Glassnode. Key market indicators are sending strong bottom signals.

On April 29 (local time), virtual asset specialized media BeInCrypto reported that Bitcoin is highly likely to stop its downtrend in the current range. Glassnode focused on the Market Value to Realized Value (MVRV) indicator. This indicator suggests that Bitcoin has currently entered a historically undervalued range. Compared to past data, the second quarter is explained as the turning point for a price rebound.

Coinbase's exchange data also supports this analysis. Recently, Bitcoin outflows from Coinbase have surged. This is a signal that institutional investors are moving Bitcoin to personal wallets for long-term holding. Institutional accumulation activity is a key factor offsetting downward pressure on the market. Bitcoin's price is currently forming a strong support level around $77,000.

Analysts also pointed out the shortage of Bitcoin supply. Bitcoin holdings on exchanges have fallen to their lowest level in years. Demand is increasing while the available supply for purchase is decreasing. This supply-demand imbalance is expected to be the driving force behind price increases. The market anticipates a new uptrend to begin within this quarter.

Bitcoin is currently proving its value as an asset even amidst macroeconomic uncertainties. While changes in the Federal Reserve's monetary policy remain a variable, on-chain data already shows that it has entered a recovery phase. Investors are eyeing opportunities for a market reversal, closely watching Q2 performance and supply-demand changes.

*Disclaimer: This article is for investment reference only and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*