Crypto market analysts have turn out to be more and more bearish, with technical indicators favoring additional draw back earlier than any significant restoration.
Increasingly peak bear market indicators are flashing up on the Bitcoin charts, main analysts to consider that the ache shouldn’t be over but, however we could also be nearing the underside.
Bitcoin has now closed for a 3rd week beneath the 100-week shifting common and has been underneath this long-term trendline for 13 days, observed Coin Bureau CEO Nic Puckrin on Monday.
Traditionally, BTC has remained beneath this for a mean of 267 days, with the shortest interval at 34 days through the Covid flash crash in March 2020, he added, earlier than predicting it may keep beneath this for longer.
“Due to this fact, traditionally, we usually tend to stay beneath for an extended time period. A fast bounce again continues to be doable, however the longer we stay beneath, the much less seemingly.”
Additional Losses Make Accumulation Alternatives
In the meantime, MN Fund founder Michaël van de Poppe said the “holder’s provide in revenue/loss is rising,” which suggests extra individuals aren’t making the most of Bitcoin, and the loss is rising considerably.
“That is one thing we’ve solely been seeing throughout peak bear markets in 2015, 2018, and 2022,” he stated, earlier than including that it ought to present accumulation alternatives.
CryptoQuant founder Ki Younger Ju was additionally bearish, stating, “Bitcoin shouldn’t be pumpable proper now.”
Promoting strain is simply too heavy for any multiplier impact, he stated earlier than including that digital asset treasuries “received’t work till it turns into pumpable once more.”
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Bitcoin shouldn’t be pumpable proper now.
In 2024, $10B in money may create $26B in BTC e book worth. In 2025, $308B flowed in, but the market cap fell $98B. Promoting strain is simply too heavy for any multiplier impact.
MSTR and DATs received’t work till it turns into pumpable once more. pic.twitter.com/T8NZHio4H9
— Ki Younger Ju (@ki_young_ju) February 9, 2026
Glasnode reported on Monday that the unrealized market lack of $70,000 is roughly 16% of the market cap.
“Present market ache echoes the same construction seen in early Might 2022.”
“Bitcoin quantity is telling,” noticed analyst ‘Sykodelic’. “On the nuke to $60k we hit the fourth largest quantity interval for the reason that 2022 backside,” he said.
Nevertheless, the analyst additionally stated that every interval since then that has recorded quantity to this diploma “has marked a key pivot in worth route,” questioning whether or not $60,000 was the underside.
Bitcoin Loses $70K Degree Once more
The bearish sentiment is for good purpose. Bitcoin fell beneath $70,000 twice on Monday and traded round $69,000 on Tuesday morning in Asia.
The asset has been consolidating round this degree since recovering from its crash to $60,000 on Friday. It stays down 44% from its peak and is in bear-market territory, with the trail of least resistance downward.
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