Bitcoin’s current cycle may be approaching a turning point after this week’s rebound, Grayscale said in an Aug. 22 post reported by BlockBeats. Historically, Bitcoin has often bottomed after falling about 80% from a cycle peak, while its decline in the latest bear market was about 50%, less than in all previous cycles. The comparatively limited correction and recent recovery have prompted reassessment of the cycle’s trajectory, although risks remain and debate continues over whether Bitcoin could face another downturn in the fourth quarter of 2026.