Bitdeer Technologies Group, a Nasdaq-listed Bitcoin (BTC) mining company, 
reduced its Bitcoin holdings by 96.5 bitcoins last week, bringing total 
reserves to approximately 943.1 bitcoins, according to data compiled by 
BitcoinTreasuries. The decline pushed the company&#8217;s Bitcoin reserves below 
the…

Bitdeer trims Bitcoin reserves below 1,000 BTC threshold

With Bitcoin (BTC) hovering around 50% below its all-time high of $126,000 
reached last October, investors are increasingly questioning when the 
cryptocurrency might finally establish its next bottom. According to market 
expert and technical analyst Altcoin Sherpa, the current bear phase is 
unlikely to drag on for another full year. In his view, Bitcoin could complete 
its downturn in less than 365 days and potentially resume its broader uptrend 
before year-end. Has Bitcoin Bottomed? In a recent analysis published on X, 
Sherpa clarified that his timeline refers specifically to the move from peak 
to bottom and does not include the accumulation period that typically follows. 
Accumulation, he explained, is characterized by choppy, sideways price action 
with relatively low volatility and subdued trading volume. Historically, this 
phase has lasted anywhere from two to four months. Related Reading: Can XRP 
Hold Above $1? Token Tumbles 11% as Breakdown Fuels Crash Concerns Looking 
back at previous cycles, Sherpa notes a fairly consistent rhythm. Bitcoin 
experienced a powerful rally in 2017 and again in 2021, each followed by a 
steep year-long decline in 2018 and 2022. After those major drawdowns came an 
extended stretch of accumulation, as seen in 2019 and 2020. From the top in 
2017 to the bottom in 2018, and similarly from 2021 to 2022, it took about one 
year for Bitcoin to complete its downward move. Another common feature of past 
bear markets, he argues, has been a final capitulation event — a sharp, 
dramatic sell-off that effectively marks the end of the downtrend. Sherpa 
believes a capitulation may have already occurred in 2026, pointing to 
Bitcoin’s drop from $100,000 to $60,000 as a potential final flush. If that 
interpretation is correct, the market could already be in the early stages of 
accumulation. Accumulation Could Already Be Underway Because the 2024 and 2025 
rallies were structurally different, Sherpa believes the decline will also 
differ. While the last two bear markets each lasted about a year from peak to 
bottom and saw drawdowns of approximately 85% and 75%, respectively, he does 
not expect the current downturn to mirror that pattern exactly. One reason, he 
says, is the growing role of US spot Bitcoin exchange-traded funds (ETFs). 
Although ETF products can and do decline along with the broader market, they 
have changed the structure of capital flows. He also points to the lengthy 
consolidation between $50,000 and $70,000, where Bitcoin traded for roughly 
eight months. From a technical analysis perspective, such extended trading 
ranges often act as strong support zones during pullbacks. Related Reading: 
Dogecoin (DOGE) Gives Back Gains, Support Level Under Spotlight As for timing, 
broader macroeconomic forces — including equities, metals, overall risk 
appetite and even developments in artificial intelligence — remain critical 
variables. Still, Sherpa does not think BTC needs another seven months of 
steady decline to form a bottom. If the recent $100,000 to $60,000 slide was 
indeed the final Bitcoin price capitulation, then accumulation may already be 
underway. Historically, that phase has lasted between two and four months, or 
roughly 60 to 120 days. However, he acknowledges one key risk to his outlook: 
the possibility that a final capitulation has not yet occurred. If another 
sell-off emerges — for example, a drop from $75,000 toward $50,000— he would 
interpret that as the definitive bottoming event. In that scenario, 
accumulation would likely follow for several months. Featured image from 
OpenArt, chart from TradingView.com

Top Expert Projects Bitcoin Bear Market To End In Less Than 365 Days

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The Pentagon is considering cutting ties with Anthropic, with Defense 
Secretary Pete Hegseth close to designating the company a “supply‑chain risk.” 
Anthropic opposes the use of its AI model Claude in mass‑surveillance 
campaigns and fully autonomous military operations. Anthropic Clashes With the 
Pentagon Over Claude’s ‘Non-Ethical’ Uses Anthropic, one of the largest 
artificial intelligence (AI) companies, […]

Anthropic and the Pentagon Clash Over Claude’s Military and Mass‑Surveillance Uses

Nine months after introducing Bitcoin payments, popular U.S. burger chain 
Steak &#8216;n Shake says its pivot toward crypto is paying off — both at the 
register and on the balance sheet. In a recent post marking the anniversary of 
the…

Cryptocurrency price in SAR