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Current Bear Market Performance Worse Than 2022: Analysts

“Bitcoin’s bear market is off to a weaker begin than 2022,” reported on-chain analytics platform CryptoQuant on Wednesday.

Since falling under the 365-day shifting common in November, Bitcoin is down 23% in simply 83 days, in comparison with a 6% decline over the identical interval in early 2022, they added earlier than stating “momentum is deteriorating sooner this cycle.”

“This efficiency is worse than at the beginning of the earlier bear market in January 2022.”

Bitcoin Bear Market Deepens

Bitcoin peaked at $126,000 in early October with the “Bull Score Index” at 80, however following the Oct. 10 liquidation occasion, the index turned bearish and has now fallen to zero whereas the worth dumped to $71,000, “signaling broad structural weak point,” CryptoQuant reported. The platform additionally said that Bitcoin “has misplaced key help ranges” and could also be focusing on $70,000 to $60,000.

Bitcoin was rejected 3 times on the “Traders’ On-chain Realized Price,” a key on-chain help and resistance degree. It additionally just lately crossed under the decrease band of this similar metric, which acted as a help in the course of the bull market.

Meanwhile, Santiment reported that sentiment “has turned extraordinarily bearish towards Bitcoin and Ethereum” following the key downswing this previous week.

“As we all know, markets transfer reverse to the concern and greed of retail merchants. There stays a robust argument for a short-term aid rally so long as the small-trader crowd continues to indicate disbelief towards cryptocurrency as a complete.”

“The BTC bear market rages on as profitability resets, realised losses rise, spot demand stays weak, and leverage unwinds,” reported Glassnode.

Meanwhile, the crypto “Fear and Greed Index” has fallen again to all-time lows round 12 as sentiment collapses and panic promoting continues.

Crypto Market Outlook

Total capitalization has declined once more right now, falling 4.4% to $2.53 trillion, its lowest degree since April 2025. Further losses will see it again to bear market lows from 2024.

Bitcoin dumped again, tanking under $71,000 throughout early buying and selling in Asia on Thursday morning. BTC is now again at November ranges and heading in direction of help at round $65,000.

Ether is in meltdown, crashing under $2,100 and failing to recuperate, additionally on a path to earlier cycle lows.

Altcoins are usually not even price mentioning, tanking even more durable than the highest two, with most now at 80% down from their peaks.

The put up Current Bear Market Performance Worse Than 2022: Analysts appeared first on CryptoPotato.

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