Analysts Report Present Bear Market Underperforming Compared to 2022

According to data from CryptoQuant, Bitcoin's bear market is showing a weaker start than in 2022, with a 23% decrease in 83 days since falling below the 365-day moving average in November. This compares to a 6% drop over the same period in 2022. The "Bull Score Index" which stood at 80 when Bitcoin peaked at $126,000 in early October, has now plummeted to zero, indicating extensive structural weakness. Bitcoin is now targeting the $70,000 to $60,000 range after losing key support levels. Other cryptocurrencies are also faring poorly, with Ethereum crashing below $2,100 and altcoins dropping 80% from their peaks. The overall crypto market capitalization has fallen 4.4% to $2.53 trillion, reaching its lowest level since April 2025.