Crypto analyst Willy Woo, known for his long-running on-chain analysis of Bitcoin, estimates there is a 90% probability that Bitcoin's market bottom has already formed, citing returning long-term investor liquidity as a key bullish signal. He also believes Bitcoin is showing the characteristics of an early bull market structure.

According to Woo, long-term investor liquidity is returning to the market, a development he views as a positive sign for Bitcoin's broader cycle. Increased participation from long-term holders has historically been associated with healthier market conditions and stronger price support. In on-chain analysis, long-term holders are typically defined as coins that have not moved for several months or longer, and their activity is watched closely as a gauge of conviction among established investors rather than short-term traders. His assessment suggests the market may be transitioning away from a prolonged bearish phase.

Early Bull Market Signals Emerge

Woo pointed to what he describes as an early bull market structure, indicating that Bitcoin's underlying market conditions are improving. In his view, the combination of renewed long-term liquidity and strengthening market structure supports the case that Bitcoin could be entering the early stages of a new uptrend.

As with any market analysis, the outlook reflects an analyst's interpretation rather than a certainty, and future price action will depend on broader market conditions.

Woo's assessment was highlighted in a Cointelegraph X post on September 16, 2026:

INSIGHT: Analyst Willy Woo puts the probability that Bitcoin's bottom is in at 90%, citing returning long-term investor liquidity and an early bull market structure. pic.twitter.com/k5b91ZBfPx — Cointelegraph (@Cointelegraph) September 16, 2026

Long-Term Trends Remain in Focus

Woo's latest Bitcoin market bottom analysis adds to the growing debate over where the asset stands in its current market cycle. While short-term volatility is expected to continue, many market participants are monitoring long-term holder activity, liquidity trends, and institutional demand for signs that a sustained recovery is taking shape.

Investors will continue watching on-chain metrics and macroeconomic developments for confirmation, and Woo's assessment suggests these indicators are increasingly pointing toward a stronger long-term outlook for the cryptocurrency.

Source: CoinoMedia