Bitcoin May Be Near Its Bottom, Analyst Says as MSTR Fears Fade

Is Bitcoin about to turn a corner? A senior strategist at crypto firm FalconX, Martin Gaspar, believes the answer may be yes. In this week's analysis, he argues that Bitcoin (BTC — the world's largest and most well-known cryptocurrency) is reaching a market bottom (the lowest price point before an upward recovery) and could be ready for a rebound.

Why the shift in mood? For a while, investors worried about MSTR — the stock ticker for MicroStrategy, a company famous for buying huge amounts of Bitcoin. There were fears that MicroStrategy might switch from being a big buyer to a big seller, which could push Bitcoin's price down. According to the article, those concerns have now been "assuaged" (calmed or reduced), so investors can refocus on more standard market indicators.

Here's a snapshot of where prices stood when the article was published:

• Bitcoin (BTC): $61,780 — down 3.32%
• Ethereum (ETH): $1,723 — down 4.25%
• XRP: $1.08 — down 4.57%
• Solana (SOL): $76.83 — down 6.45%
• CD20 Index (a basket tracking 20 major cryptocurrencies): $1,690 — down 4.33%

What are "traditional signals"? These are the classic tools investors use to judge whether a price is likely to rise or fall, such as trading patterns, buying and selling volumes, and overall market sentiment. Gaspar suggests that, with the MicroStrategy distraction out of the way, these signals now point toward a possible recovery.

The bigger picture: The article is part of CoinDesk's "Crypto Long & Short" newsletter, aimed at professional investors. It also highlights growth in tokenized credit (turning real-world loans into digital assets on the blockchain) and a company called Ether.Fi leading the "neobank" trend in crypto.

In short: One expert thinks the worst may be over for Bitcoin's recent slide. But remember — this is one analyst's opinion, and crypto prices remain highly unpredictable. Always do your own research before investing.

This is an AI-generated summary. Read the original article at: https://www.coindesk.com/coindesk-indices/2026/07/08/crypto-long-and-short-with-mstr-concerns-assuaged-look-to-traditional-signals-around-btc