How deep is this Bitcoin $BTC bear phase — and what comes next?
Bitcoin nearly flushed to $60K, bounced fast, and stabilized — but don’t confuse relief with reversal. This looks more like a pause inside a larger correction, not the end of it.
On-chain signals confirm it: unrealized losses are elevated, placing BTC firmly in bear-market territory, yet still below full capitulation. Translation? Pain isn’t over, volatility stays.
Interesting twist: small wallets are accumulating, while larger holders trimmed exposure. Sentiment is loud and bearish, but fear hasn’t fully washed out — which caps upside for now.
Network activity remains strong, with new addresses surging, helping support price during chop.
Levels to watch:
Support: $63K → $55.5K if it breaks
Relief zone: $71.7K
Until BTC holds higher support, expect bounces, not breakouts.
#BTC #CryptoMarket #misslearner #BinanceSquareFamily #squarecreator
