Bitcoin is reportedly in a quiet accumulation phase, characterized by reduced transaction volumes and a decline in active addresses. Analysts at CryptoQuant have drawn parallels between the current bear market and the one experienced in 2018, though they highlight a larger user base now. GugaOnChain has confirmed the ongoing bearish trend using key market indicators. Additionally, analyst Ali Martinez predicts a potential market bottom in 2026, estimating Bitcoin could reach around $37,500 following a 70% drawdown.