Why the Bitcoin Price Could Soon Hit Bottom

By: crypto insight|2026/03/12 14:00:00

Key Takeaways:

Market activity suggests increased profit-taking has pressured Bitcoin prices.
Economic theories view Bitcoin bridging traditional and modern commodity-based monetary systems.
Currently, Bitcoin operates within unpredictable speculative flows, making stability sighted yet uncertain.
Market sentiment improvement could nudge Bitcoin toward price stabilization as per strategic analyses.

WEEX Crypto News, 2026-03-12 05:14:33

Navigating Bitcoin’s Turbulent Market Dynamics

Bitcoin’s recent performance has sparked polarizing opinions among market experts. Mike Novogratz, the seasoned CEO of Galaxy Digital, has ventured that Bitcoin could establish a bottom in the $70,000 to $100,000 range. Meanwhile, Michael Burry, known for his bearish predictions, foresees a sustained downward trajectory without apparent respite. Amidst this discourse, Bitcoin descended below $73,000, engaging in levels last compromised during 2025’s Trump effect surge.

At a glance, Novogratz attributes Bitcoin’s slide to intensified selling pressures. Described colloquially as a “seller’s virus,” this phase appeared largely influenced by widespread profit-maximizing maneuvers. Despite prevailing bearish market sentiment, adjustments in market configurations could resuscitate optimism.

Bitcoin’s Role as a Unique Financial Instrument

The discussion around Bitcoin extends beyond immediate price action, diving into its intrinsic nature as a financial instrument. Noelle Acheson, through her insightful publication “Crypto is Macro Now,” assimilates Zoltan Pozsar’s economic analysis on shifting global monetary frameworks, highlighting Bitcoin’s potential position in this landscape. This framework, known as Bretton Woods III, describes a transition from finance-dominated to commodity-centric value systems. Pozsar categorizes assets within two groups: ‘inside money’ (financial system products and liabilities) versus ‘outside money’ (physical commodities like gold and oil).

Notably absent from Pozsar’s classifications is Bitcoin, yet the asset’s distinctive attributes position it ambiguously between these poles. Bitcoin does not fit fully into ‘inside money’ since its digital properties necessitate a functional electronic infrastructure. Simultaneously, it isn’t pure ‘outside money’ either, owing to its lack of tangible existence like traditional commodities.

Bitcoin Amidst Technological and Economic Uncertainty

To comprehend Bitcoin’s place within this new economic model, consider the implications of a complete digital blackout. Without operational technology, Bitcoin’s utility collapses, a stark contrast to physical ‘outside money’ such as gold and oil, retaining value through various crises. Such scenarios spotlight the precarious nature underpinning Bitcoin’s existence: with both systemic vulnerabilities and reliance on digital functionality.

Moreover, historical precedents like the US’s strategic commodity stockpiles emphasize the importance of tangible resources during tumultuous periods. Hypothetically, if markets or governments deterred from facilitating trade, assets like Bitcoin would suffer until infrastructural or systemic alleviation. Yet, its theoretical resilience lies in the potential for eventual operational resumption and modern trade reintegration.

-- Price

Analyzing Bitcoin Prices through Market Data

Contemplating Bitcoin’s market position, data from Glassnode reveals intriguing trends through Cumulative Volume Delta (CVD) metrics. Here, positive shifts in buy-to-sell pressure balances hint at prospective price stabilization around, notably, the lower end of Novogratz’s anticipated range. Although Bitcoin hovers around $75,995 as of the latest data, bullish maneuvers, while tentative, may form foundational floors for the asset.

Conclusion: Fundamental Interpretations and Strategic Positioning

As financial communities digest Novogratz’s and Burry’s contradictory perspectives, investors regard such conditions as pivotal assay points. The possibility of Bitcoin reflecting deeper market structure shifts amidst enduring volatility establishes its consequential role in contemporary financial dialogues. Moreover, investors adopting disciplined Dollar Cost Averaging (DCA) strategies may view this phase as opportune for revisiting Bitcoin exposure.

In summary, while Bitcoin’s trajectory remains contentious, its status and viability as a monetary asset persist unchallenged. Whether fulfilling functions as a robust intermediary (akin to ‘outside money’) or grappling with its embedded technological dependencies, Bitcoin’s narrative holds significance within ongoing economic evolution.

Frequently Asked Questions

How is Bitcoin performing in today’s market environment?

Bitcoin wades through volatility. Despite recent declines, it hovers near $76,000, showcasing tentative stabilization signs backed by gradual buying pressures.

What is Bitcoin’s potential within the Bretton Woods III framework?

Bretton Woods III envisions a shift toward commodities for global economic structure, placing Bitcoin in a unique position as an intermediary between financial system reliance and inherent commodity traits.

How does technological reliance impact Bitcoin’s role as a monetary asset?

Bitcoin’s digital nature ties its functionality directly to technology infrastructure. A widespread digital outage could debilitate its asset usability until systems restore.

What market indicators suggest a Bitcoin price bottom may form?

Glassnode’s Cumulative Volume Delta (CVD) data proposes emerging buyer dominance, potentially signalling price floor formations around the $70,000 range.

What strategies should Bitcoin investors consider during uncertain times?

Implementing disciplined Dollar Cost Averaging (DCA) provides strategic exposure management amid volatility, balancing risk against potential stabilization and growth avenues.

On March 16, 2026, in Dallas, Texas, USA, CanGu Company (New York Stock Exchange code: CANG, hereinafter referred to as "CanGu" or the "Company") today announced its unaudited financial performance for the fourth quarter and full year ended December 31, 2025. As a btc-42">bitcoin mining enterprise relying on a globally operated layout and dedicated to building an integrated energy and AI computing power platform, CanGu is actively advancing its business transformation and infrastructure development.

2025 Full Year and Fourth Quarter Financial and Operational Highlights

• Financial Performance:

Total revenue for the full year 2025 was $688.1 million, with $179.5 million in the fourth quarter.

Bitcoin mining business revenue for the full year was $675.5 million, with $172.4 million in the fourth quarter.

Full-year adjusted EBITDA was $24.5 million, while the fourth quarter was -$156.3 million.

• Mining Operations and Costs:

A total of 6,594.6 bitcoins were mined throughout the year, averaging 18.07 bitcoins per day; of which 1,718.3 bitcoins were mined in the fourth quarter, averaging 18.68 bitcoins per day.

The average mining cost for the full year (excluding miner depreciation) was $79,707 per bitcoin, and for the fourth quarter, it was $84,552;

The all-in sustaining costs were $97,272 and $106,251 per bitcoin, respectively.

As of the end of December 2025, the company has cumulatively produced 7,528.4 bitcoins since entering the bitcoin mining business.

• Strategic Progress:

The company has completed the termination of the American Depositary Receipt (ADR) program and transitioned to a direct listing on the NYSE to enhance information transparency and align with its strategic direction, with a long-term goal of expanding its investor base.

CEO Paul Yu stated: "2025 marked the company's first full year as a bitcoin mining enterprise, characterized by rapid execution and structural reshaping. We completed a comprehensive adjustment of our asset system and established a globally distributed mining network. Additionally, the company introduced a new management team, further strengthening our capabilities and competitive advantage in the digital asset and energy infrastructure space. The completion of the NYSE direct listing and USD pricing also signifies our transformation into a global AI infrastructure company."

"As we enter 2026, the company will continue to optimize its balance sheet structure and enhance operational efficiency and cost resilience through adjustments to the miner portfolio. At the same time, we are advancing our strategic transformation into an AI infrastructure provider. Leveraging EcoHash, we will utilize our capabilities in scalable computing power and energy networks to provide cost-effective AI inference solutions. The relevant site transformations and product development are progressing simultaneously, and the company is well-positioned to sustain its execution in the new phase."

The company's Chief Financial Officer, Michael Zhang, stated: "By 2025, the company is expected to achieve significant revenue growth through its scaled mining operations. Despite recording a net loss of $452.8 million from ongoing operations, mainly due to one-time transformation costs and market-driven fair value adjustments, the company, from a financial perspective, will reduce its leverage, optimize its Bitcoin reserve strategy and liquidity management, introduce new capital to strengthen its financial position, and seize investment opportunities in high-potential areas such as AI infrastructure while navigating market volatility."

Fourth Quarter 2025 Ongoing Operations Financial Performance

Revenue

The total revenue for the fourth quarter was $1.795 billion. Of this, the Bitcoin mining business contributed $1.724 billion in revenue, generating 1,718.3 Bitcoins during the quarter. Revenue from the international automobile trading business was $4.8 million.

Operating Costs and Expenses

The total operating costs and expenses for the fourth quarter amounted to $4.56 billion, primarily attributed to expenses related to the Bitcoin mining business, as well as impairment of mining machines and fair value losses on Bitcoin collateral receivables.

This includes:

· Cost of Revenue (excluding depreciation): $1.553 billion

· Cost of Revenue (depreciation): $38.1 million

· Operating Expenses: $9.9 million (including related-party expenses of $1.1 million)

· Mining Machine Impairment Loss: $81.4 million

· Fair Value Loss on Bitcoin Collateral Receivables: $171.4 million

Profit Situation

The operating loss for the fourth quarter was $276.6 million, a significant increase from a loss of $0.7 million in the same period of 2024, primarily due to the downward trend in Bitcoin prices.

The net loss from ongoing operations was $285 million, compared to a net profit of $2.4 million in the same period last year.

The adjusted EBITDA was -$156.3 million, compared to $2.4 million in the same period last year.

Full Year 2025 Ongoing Operations Financial Performance

Revenue

The total revenue for the full year was $6.881 billion. Of this, the revenue from the Bitcoin mining business was $6.755 billion, with a total output of 6,594.6 Bitcoins for the year. Revenue from the international automobile trading business was $9.8 million.

Operating Costs and Expenses

The total annual operating costs and expenses amount to $1.1 billion.

Specifically, they include:

· Revenue Cost (excluding depreciation): $543.3 million

· Revenue Cost (depreciation): $116.6 million

· Operating Expenses: $28.9 million (including related-party expenses of $1.1 million)

· Miner Impairment Loss: $338.3 million

· Bitcoin Collateral Receivable Fair Value Change Loss: $96.5 million

Profitability

The full-year operating loss is $437.1 million. The continuing operations net loss is $452.8 million, while in 2024, there was a net profit of $4.8 million.

The 2025 non-GAAP adjusted net profit is $24.5 million (compared to $5.7 million in 2024). This measure does not include share-based compensation expenses; refer to "Use of Non-GAAP Financial Measures" for details.

Financial Position

As of December 31, 2025, the company's key assets and liabilities are as follows:

· Cash and Cash Equivalents: $41.2 million

· Bitcoin Collateral Receivable (Non-current, related party): $663.0 million

· Miner Net Value: $248.7 million

· Long-Term Debt (related party): $557.6 million

In February 2026, the company sold 4,451 bitcoins and repaid a portion of related-party long-term debt to reduce financial leverage and optimize the asset-liability structure.

Stock Repurchase

As per the stock repurchase plan disclosed on March 13, 2025, as of December 31, 2025, the company had repurchased a total of 890,155 shares of Class A common stock for approximately $1.2 million.

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