Bitcoin More Oversold Than Ever: Coin Bureau Founder

Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Add as a preferred source on Google News Bitcoin extremely oversold Bitcoin currently 50% down from ATH Advertisement The founder and CEO of Coin Bureau, Nic Puckrin, seems to expect the Bitcoin bottom to come soon. He shared important analytics data to back his statement. Bitcoin has never been so oversold, he claims. You Might Also Like Tue, 02/24/2026 - 10:48 2026 Will Be Awesome for Bitcoin: Investor Fred Krueger By Yuri Molchan HOT Stories Morning Crypto Report: Mr. XRP Yoshitaka Kitao Predicts 2026 On-Chain Revolution, Bitcoin in 'Not Digital Gold' Period: CryptoQuant CEO, Ethereum Foundation to Stake 70,000 ETH Bitcoin Breaks Below Critical $63,000 Support Bitcoin extremely oversold Puckrin shared a Bitcoin chart from the Bitstamp exchange, showing that BTC RSI has dropped to 25.6, marking the lowest level in the history of this digital asset. This level is even lower than it was in 2022 when 3AC and Luna collapsed, triggering a massive bloodbath on the market. Back then, the RSI dropped to 28. It was followed by the bankruptcy of the FTX exchange later that year. Advertisement The Coin Bureau CEO believes that Bitcoin may fall lower, however, he feels certain that “a bottom could be coming soon.” First time in Bitcoin's history. According to the weekly RSI, this is the most oversold it has ever been. It currently sits at 25.6 which is lower than the previous record low level back after 3AC / Luna crash. More downside is likely, but a bottom could be coming soon. pic.twitter.com/D2IVJUJk3w — Nic (@nicrypto) February 24, 2026 Bitcoin currently 50% down from ATH This year, the world’s largest cryptocurrency has declined by approximately 50% from its historic peak of $126,000 reached in October last year. Over the past 24 hours, BTC has lost another 6.46%, falling from above $67,000 to $63,285 per coin. Advertisement Recent data shared by CryptoQuant reveals one of the core reasons behind Bitcoin’s recent collapse. The data comes from the largest U.S. crypto exchange as its premium has failed to recover despite the temporary rise. The Coinbase Premium Index’s 30-minute SMA has briefly managed to rise above zero but then went back down. It has remained negative for nearly 40 days in succession. Coinbase Premium SMA-30 Rejection Above Zero Emerges as Potential Trigger for Bitcoin Slide “This lack of sustained recovery in the premium, despite the temporary uptick, is considered a potential trigger for the recent downward price action.” – By @nino_trade pic.twitter.com/LtM9EpQ9ro — CryptoQuant.com (@cryptoquant_com) February 24, 2026 Historically, this pattern has preceded big Bitcoin price declines, reflecting the growing hesitation of financial institutions. It also indicates that a further downfall is possible amid broader market volatility. #Bitcoin #Coinbase