Bitcoin is stuck in a grind. Down 45% from its all-time high and still below $66K, the market is deep in time pain — not just price pain.

Price pain is the sharp drops that shake out weak hands. Time pain is the slow, directionless grind that wears everyone down. That's where we are now.

One key signal: long-term holders (coins unmoved for 6+ months) control about 80% of supply. Historically, bear market bottoms form when that share hits 85% — and that shift usually happens *after* the price bottom, not before. So even if the worst is near, the chart says more sideways months are likely.

Bottom line: $BTC might need a few more months of boring before the real floor forms. Patience could be the winning move here.