The founder and CEO of Coin Bureau, Nic Puckrin, anticipates that Bitcoin’s lowest point may be approaching soon. He supported his prediction with significant analytical data.
According to him, Bitcoin is currently experiencing an unprecedented level of overselling.
Bitcoin Hits Record Oversold Levels
Puckrin presented a Bitcoin chart from the Bitstamp exchange illustrating that the Relative Strength Index (RSI) for $BTC has plummeted to 25.6—the lowest ever recorded for this cryptocurrency. This figure even undercuts the RSI low seen in 2022 during the collapse of 3AC and Luna, which triggered a severe market downturn. At that time, RSI bottomed out at 28 before being followed by FTX’s bankruptcy later in the year.
The Coin Bureau CEO acknowledges there might be further declines ahead but remains confident that “a bottom could be imminent.”
For the first time in Bitcoin’s history,
the weekly RSI shows it is more oversold than ever before.
Currently sitting at 25.6, this value is below the previous record low set after the 3AC/Luna crash.
While additional downside risk exists, a market bottom may soon arrive.
pic.twitter.com/D2IVJUJk3w— Nic (@nicrypto) February 24, 2026
Bitcoin Has Fallen About Half From Its All-Time High
This year has seen Bitcoin drop roughly 50% from its all-time high near $126,000 reached last October. In just one day recently, $BTC declined another 6.46%, sliding from above $67,000 down to approximately $63,285 per coin.
Data released by CryptoQuant sheds light on one key factor behind this downward trend: The premium on Coinbase—the largest U.S.-based crypto exchange—has failed to sustain recovery despite brief improvements. The Coinbase Premium Index’s simple moving average over thirty minutes briefly crossed above zero but quickly fell back below it and has stayed negative for nearly forty consecutive days.
Coinbase Premium SMA-30 Rejection Above Zero May Have Triggered Recent Bitcoin Decline
“The inability to maintain gains in premium levels despite short-lived upticks is viewed as a potential catalyst behind recent price drops.” – @nino_trade pic.twitter.com/LtM9EpQ9ro
— CryptoQuant.com (@cryptoquant_com) February 24, 2026
This historical pattern often precedes major dips in Bitcoin prices and signals increasing caution among institutional investors. It suggests further declines could occur amid ongoing market instability.