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Durable Market Bottom Has Occurred Around $60,000: Grayscale Research

admin by admin
April 23, 2026
in Bitcoin, Guide, Regulation, Ripple
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Major crypto research firm and ETF issuer Grayscale has stated that the cryptocurrency has formed a “durable bottom” in recent months, and it is likely to hold on to it. Its research division pointed to the recent price reversal and strong demand below $70k as reasons it believes the market isn’t likely to drop much in the near future.

Grayscale tweeted:

Image Source: X

Grayscale also attached the following graph to the tweet:

Image Source: Glassnode via X

The major institutional investment enabler states that Bitcoin’s 20% rally over the last month or so has really turned things around for the premier digital currency. Other than the spot price index, blockchain data has also supported the formation of a resilient bottom that is likely to stand the test of time, Grayscale argued.

What is a Durable Bottom?

A durable bottom doesn’t mean the premier digital currency is unlikely to fall below $60k in the near future. It refers to a stage in the market cycle in which selling pressure has largely been exhausted and long-term investors begin accumulating assets again. Sellers are now less active than before, while major buyers like Saylor are looking to continue their aggressive buying trend.

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&nbsp

In simple terms, the cryptocurrency may yet post losses again, but due to clear seller exhaustion, it will be a tame price drop compared to earlier ones in February of this year or in October 2025.

Grayscale believes that three clear indications have emerged that strengthen this narrative: recovering transaction volumes, accumulation trends in wallets, and whale behavior. Whales, aka holders with over 1,000 BTC in their wallets, reportedly kickstarted the ongoing bear market in late 2025 and engaged in a selling frenzy. However, more whales are now buying than selling, which indicates high levels of seller exhaustion.

Twitterati Respond

While Grayscale is convinced that a durable bottom has formed, the tweet’s reception was mixed overall. Some X users criticized Grayscale for calling out the bottom only when a local peak had been formed.

One user replied:

Image Source: X

One user agreed with Grayscale’s take and replied:

Image Source: X

Calling out a bottom is a big responsibility in the crypto market, and Grayscale is doing it right now, reiterating that the worst is over for crypto traders. However, such a prediction is easy to call when the market is at a relatively high price, and the bulls are doing well.

It remains to be seen how well this prediction holds up, as some analystscall the current setup a bull trapand predict Bitcoin could fall to $52k in the near future before starting a recovery.

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&nbsp 
 
&nbsp

Add ZyCrypto News On Google

Major crypto research firm and ETF issuer Grayscale has stated that the cryptocurrency has formed a “durable bottom” in recent months, and it is likely to hold on to it. Its research division pointed to the recent price reversal and strong demand below $70k as reasons it believes the market isn’t likely to drop much in the near future.

Grayscale tweeted:

Image Source: X

Grayscale also attached the following graph to the tweet:

Image Source: Glassnode via X

The major institutional investment enabler states that Bitcoin’s 20% rally over the last month or so has really turned things around for the premier digital currency. Other than the spot price index, blockchain data has also supported the formation of a resilient bottom that is likely to stand the test of time, Grayscale argued.

What is a Durable Bottom?

A durable bottom doesn’t mean the premier digital currency is unlikely to fall below $60k in the near future. It refers to a stage in the market cycle in which selling pressure has largely been exhausted and long-term investors begin accumulating assets again. Sellers are now less active than before, while major buyers like Saylor are looking to continue their aggressive buying trend.

Follow ZyCrypto On Google News 
 
&nbsp

In simple terms, the cryptocurrency may yet post losses again, but due to clear seller exhaustion, it will be a tame price drop compared to earlier ones in February of this year or in October 2025.

Grayscale believes that three clear indications have emerged that strengthen this narrative: recovering transaction volumes, accumulation trends in wallets, and whale behavior. Whales, aka holders with over 1,000 BTC in their wallets, reportedly kickstarted the ongoing bear market in late 2025 and engaged in a selling frenzy. However, more whales are now buying than selling, which indicates high levels of seller exhaustion.

Twitterati Respond

While Grayscale is convinced that a durable bottom has formed, the tweet’s reception was mixed overall. Some X users criticized Grayscale for calling out the bottom only when a local peak had been formed.

One user replied:

Image Source: X

One user agreed with Grayscale’s take and replied:

Image Source: X

Calling out a bottom is a big responsibility in the crypto market, and Grayscale is doing it right now, reiterating that the worst is over for crypto traders. However, such a prediction is easy to call when the market is at a relatively high price, and the bulls are doing well.

It remains to be seen how well this prediction holds up, as some analystscall the current setup a bull trapand predict Bitcoin could fall to $52k in the near future before starting a recovery.

Prefer Us On Google




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