{"id":633642,"date":"2026-07-23T09:53:59","date_gmt":"2026-07-23T09:53:59","guid":{"rendered":"https:\/\/e-bitco.in\/index.php\/2026\/07\/23\/bitcoin-may-have-bottomed-before-its-traditional-cycle-low-grayscales-pandl-2\/"},"modified":"2026-07-23T09:53:59","modified_gmt":"2026-07-23T09:53:59","slug":"bitcoin-may-have-bottomed-before-its-traditional-cycle-low-grayscales-pandl-2","status":"publish","type":"post","link":"https:\/\/e-bitco.in\/index.php\/2026\/07\/23\/bitcoin-may-have-bottomed-before-its-traditional-cycle-low-grayscales-pandl-2\/","title":{"rendered":"Bitcoin may have bottomed before its traditional cycle low: Grayscale\u2019s Pandl"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/s3-images.ctmedia.io\/media\/article-covers\/market-red-graph-falling-danger-stones-bitcoin-3.jpg\" alt=\"Bitcoin may have bottomed before its traditional cycle low: Grayscale\u2019s Pandl\" class=\"type:primaryImage\" \/><\/p>\n<p>Grayscale\u2019s head of research said that Bitcoin may have bottomed, arguing that macro factors, such as interest rate decisions as increasingly driving the price action of this maturing asset class.<\/p>\n<p>Crypto-focused asset manager Grayscale said that Bitcoin\u2019s price may have bottomed earlier than the traditional four-year cycle, which would imply a cycle low in September or October.\u00a0<\/p>\n<p>Grayscale\u2019s head of research, Zach Pandl, argued that Bitcoin (BTC) has \u201cgrown up\u201d as an asset and is increasingly driven by macroeconomic factors.\u00a0<\/p>\n<p>\u201cIf the Fed forgoes rate hikes and economic growth holds up well, Bitcoin\u2019s price may already have bottomed,\u201d Pandl wrote in a Wednesday <a href=\"https:\/\/www.grayscale.com\/the-stack\/bitcoin-four-year-cycle-or-macro-asset\">report<\/a>.<\/p>\n<p><a href=\"https:\/\/cointelegraph.com\/markets\/grayscale-bitcoins-price-bottomed\">Read more<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Grayscale\u2019s head of research said that Bitcoin may have bottomed, arguing that macro factors, such as interest rate decisions as increasingly driving the price action of this maturing asset class. Crypto-focused asset manager Grayscale said that Bitcoin\u2019s price may have bottomed earlier than the traditional four-year cycle, which would imply a cycle low in September [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":633641,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":{"0":"post-633642","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-blockchain"},"_links":{"self":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/633642","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/comments?post=633642"}],"version-history":[{"count":0,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/633642\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media\/633641"}],"wp:attachment":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media?parent=633642"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/categories?post=633642"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/tags?post=633642"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}