Woofun AI data shows that CryptoQuant's 365-day PnL Index continues to decline, implying the current BTC cycle may not have peaked. The bull-bear cycle indicator turned green on May 12, 2026, marking the first bullish signal since March 2023, though CryptoQuant warned that the indicator yielded a false positive in 2022 and does not guarantee sustained upward trends.

BTC trades at approximately $62,656, down roughly 50% from its all-time high of $126,000 in October 2025. A whale acquired $98.9 million worth of BTC at the June 5 low of $59,734, realizing a $3.5 million profit within two days as prices rebounded. Bitcoin remains above $60,000, trading near $62,550.