Woofun AI data shows that the 365-day PnL index continues to decline, suggesting the current BTC cycle peak has not yet arrived. BTC trades near $62,656, representing a roughly 50% decrease from the October 2025 high of approximately $126,000.

The bull-bear cycle indicator shifted to green on May 12, 2026, marking the first bullish signal since March 2023. Cryptoquant cautioned that this indicator produced false positives in 2022 and does not ensure a sustained uptrend. A major whale purchased $98.9M in BTC at the $59,734 low on June 5, securing a $3.5M profit within two days. BTC remains above $60,000, trading at approximately $62,550.