This is exactly what the Bitcoin "cycle bottom" should look like. Glassnode's cycle indicators are showing a very noteworthy signal: The Cold zone, which represents extreme market undervaluation and low activity, is rapidly expanding. Looking back at history, similar large-scale Cold signals appeared during: 2015, 2019, 2022–2023, and now in 2026. The most interesting part is— These zones were rarely the most comfortable or optimistic times for the market. Instead, they were when everyone was most pessimistic, too scared to buy, and still waiting for "lower prices." But in hindsight, They often turned out to be one of the most attractive risk-reward zones. Right now, many people are still waiting for $60K, $50K, or even lower before they’re willing to buy. But the true bottom never rings a bell to tell you: "The bottom is here, time to buy." It only completes itself slowly while everyone is still doubting. I don’t need to pinpoint the exact lowest point. I just need to know if the current position is worth taking the risk and starting to accumulate. If you’re still waiting for lower— Good luck. By the time everyone confirms the bull market is back, The price is usually no longer what it is today.