Bitcoin Bottom May Be Near on Price, but Demand Tells a Different Story

Bitcoin (BTC) dropped to a bear market low near $59,000 in June, trading just 9% above its $53,600 realized price. That valuation zone has historically marked cycle bottoms. However, on-chain analysts caution that price alone does not confirm a floor. CryptoQuant and Glassnode data point to collapsing demand and incomplete capitulation. Bitcoin Nears Floor as