Bitcoin 15.8% cycle index… Cryptozeno holds off on calling the bottom

Bitcoin’s 30-day moving average of CryptoZeno’s cycle extreme index has fallen to 15.8%, a level the CryptoQuant analyst classifies as “observation/weak pressure” rather than a confirmed cycle bottom. CryptoZeno said the reading indicates BTC is in a correction or stagnation phase, not that a trough has been established, stressing that a low index value and bottom confirmation are separate things. The analysis was published on the 5th, when bitcoin traded around $80,000. The takeaway is that the metric has cooled but has not reached levels associated with active or extreme market conditions, so traders should watch whether the 30-day average continues to compress or stabilizes before treating the cycle low as confirmed.