Glassnode Analysis Signals Elevated Stress In Bitcoin Market, Resembling Early-Stage Bear Conditions

Chief analysis analyst on the blockchain knowledge and intelligence platform Glassnode, CryptoVizArt, supplied an in-depth cryptocurrency market evaluation noting that indicators highlighted in November steered a threat of a deeper and extra extended bear market. With a lot of the anticipated weak point now unfolding, it’s an applicable time to reassess these indicators and consider the general market construction.

The evaluation factors out that continued extreme promoting by Long-Term Holders (LTHs) has pressured market absorption, with roughly 3.8 million BTC realized in revenue since costs surpassed the 2021–2022 all-time highs. Recently, nevertheless, LTH distribution has slowed, and a sustained discount in profit-taking is taken into account a crucial situation for forming a sturdy market backside.

Unrealized losses have stabilized at round 5% of market capitalization, marking the best stress degree of the present cycle, although nonetheless considerably under the intense loss ranges seen in extreme bear markets, resembling following the FTX collapse. Bitcoin is at present buying and selling close to $90,000, a spread the place roughly 20–30% of provide stays at a loss. This setup carefully resembles the market circumstances within the first quarter of 2022, reflecting elevated stress however not the widespread capitulation that sometimes characterizes the later levels of a bear market.

BTC Shows Signs Of Stabilization Near $86K Amid Indicators Of Emerging Bear Market

The newest evaluation beneficial properties relevance in mild of latest studies suggesting the onset of a brand new bear market. According to analysts at CryptoQuant, Bitcoin demand development has slowed significantly since October 2025, indicating the potential begin of one other bearish cycle. 

Researchers on the platform additionally observed declining shopping for stress in each market and on-chain metrics. Buy-volume divergence within the Binance futures market has been progressively lowering since August, mirroring patterns seen in 2021, and this pattern has but to point out indicators of reversal.

At the identical time, the variety of energetic addresses has dropped sharply, reflecting decrease market participation and decreased general exercise. Price actions have adopted a trajectory much like the 2021 cycle, suggesting that the present post-peak part could correspond to a closing distribution interval. No market reversal has occurred inside anticipated assist zones, implying that restoration is more likely to require time.

Despite these indicators, not all analysts anticipate additional declines. Michaël van de Poppe described Bitcoin’s latest rebound from $90,000 as “not a nasty signal for now,” noting that merchants are trying to ascertain the $86,000 degree as assist, which might present a basis to problem key resistance zones within the close to time period.

At the time of this report, Bitcoin is buying and selling at $86,760, reflecting a decline of roughly 0.81% over the previous 24 hours. According to CoinMarketCap knowledge, the cryptocurrency reached a high of $88,174 and a low of $86,691 throughout this era.

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