Bitcoin nears cycle low; Bitrue offers 6.5% APY on BTC

Bitcoin traded near $62,000 in early July 2026, roughly 50% below its October 2025 peak of $126,198. On-chain and technical indicators show multiple long-term metrics that market analysts track during cycle lows.

The price has moved back above the 200-week moving average, around $62,700. Data from CryptoQuant indicate almost half of circulating Bitcoin is held at an unrealized loss, with more than 10 million BTC underwater during recent price dips.

Coins held for more than 155 days shifted back into net accumulation, according to chain metrics, while shorter-term holders have been selling at losses. U.S. spot Bitcoin exchange-traded funds registered inflows of about $221 million to $266 million on trading days in early July, reversing a period of outflows.

Andri Fauzan Adziima, research lead at Bitrue Research Institute, noted, “The 200-week MA reclaim, supply in loss above 50%, long-term holder accumulation, and institutional ETF inflows do not typically converge like this outside of a genuine cycle bottom.”

Analysts who follow Bitcoin’s four-year halving cycle expect the deepest market bottom between October and December 2026, which places the third quarter of 2026 in an accumulation window. Market observers say volatility is likely to continue through the bottoming process.

Bitrue is offering a 60-day promotion for new users that pays 6.5% annual percentage yield on flexible BTC staking. The product is described by the exchange as fully flexible, with no lock-up, daily rewards and the ability to withdraw at any time. Bitrue launched in July 2018 and operates a global crypto exchange supporting more than 700 tokens.

Published flexible BTC rates on other platforms were significantly lower in recent comparisons: Babylon on-chain staking 0.05%–0.77%, Binance Simple Earn around 0.48%, Bybit about 0.4%, and platforms such as Gate.io, MEXC and KuCoin in the 0.1%–0.3% range.

Regulators and investors continue to scrutinize crypto products. Market participants evaluating yield offerings should consider counterparty risk, platform terms and the difference between custodial staking and self-custody.