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Renowned macro analyst Lyn Alden on Thursday told CNBC the Bitcoin(CRYPTO: BTC) bottom is in by almost every metric, saying “the bull market is back in play.”
Why Alden Says the Bitcoin Bottom Is In
Bitcoin Historian Pete Rizzo flagged on X that Alden told CNBC the fast money is out, Strategy(NASDAQ:MSTR) will not be selling, and there are not many downside catalysts left.
She added that the Treasury and Fed will be moving toward financial repression, a backdrop she called bullish for Bitcoin.
What the Volatility Data Shows
Real Vision analyst Jamie Coutts posted on X that this week’s two-day Bitcoin move ranks as the fifth-largest since 2018 on a volatility-adjusted basis at 4.4 sigma, a reading that normal counter-trend rallies simply do not produce.
The closest historical comparisons are the 2018 and 2019 cycle lows, both of which marked genuine inflection points rather than temporary bounces.
After moves of this size, Bitcoin has historically finished higher more than 70% of the time over the following 30 to 180 days
Moreover, he flagged a wall of overhead supply in the low $80,000 range as the key level Bitcoin needs to work through before the move extends further.
Why Bitcoin Is Flashing a Liquidity Warning Signal
Coutts argued that Bitcoin is starting to function again as the earliest signal for where liquidity is heading.
The Treasury’s bond buyback move this week shifted a liquidity backdrop that was on the verge of going negative, pushing the dollar lower and pulling the yield curve with it.
The underlying debt supply problem has not been solved though, which means more intervention is likely coming down the road.
What The ETF Numbers Show
Bitcoin ETFs pulled in $606.29 million on Aug. 20, led by BlackRock’s IBIT(NASDAQ:IBIT) with $502.99 million, the largest single-day inflow since May 1
Weekly inflows crossed $1.6 billion with one trading day still remaining, already the strongest week of 2026 and the highest since the week of October 10, 2025.
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