When will the Bitcoin bear market end... Warning of potential long-term decline

Source: DigitalToday Original Title: When Will the Bitcoin Bear Market End… Warning of Possible Long-Term Downtrend Original Link: https://www.digitaltoday.co.kr/news/articleView.html?idxno=623783

Bitcoin has fallen below $90,000, causing on-chain profitability indicators to decline and signaling the potential start of a bear market.

According to TradingView data from blockchain media, Bitcoin has formed a new short-term price range, and the market is paying attention to the possibility that key support levels may break.

On-chain analytics firm CryptoQuant reported that Bitcoin holders have started recording net losses for the first time since 2023. As of 30 days, net realized profit and loss dropped sharply to 69,000 BTC, and annualized net realized profit decreased from 4.4 million BTC to 2.5 million BTC. This pattern aligns with early bear market conditions.

Similar patterns appeared during the transition from a bull to a bear market in 2021–2022, and several analysts are predicting 2026 as a bear market. Bitcoin’s price has declined about 9% from $97,930, falling below the key support level of $92,940, which is based on the 75% supply cost, adding downward pressure.

According to the distribution heatmap based on Bitcoin transaction costs, investors have bought approximately 941,651 BTC in the $84,000 range over the past six months, which is likely to act as a strong support level. The next major support is at $80,000, where 127,000 BTC have been traded.

Experts warn that bearish signals are strengthening, and long-term holders selling, weakness in the derivatives market, and increased exchange inflows could push Bitcoin prices further down.

BITCOIN IS SETTING UP A DOUBLE FAKEOUT.

First: break above resistance (~$96k)… then rejected.

Now: price is back at the rising trendline support.

Bullish fakeout case: (reclaims the trendline and squeezes back up.

Bearish case: We likely revisit the range lows.

Markets…