Analysis: Bitcoin's Rebound Is Only a Matter of Time, Drop Near $60K May Be the "Midpoint" of the Bear Market

Odaily News Kaiko Research analysis points out that Bitcoin fell to around $59,930 at the beginning of this month, hitting a new low since October 2024, which may mark the "midpoint" of the current bear market. The market has now moved past the post-halving frenzy phase and entered a bear market period that typically lasts about 12 months, paving the way for the next accumulation phase. Spot trading volume on major centralized exchanges dropped from approximately $1 trillion in October 2025 to $700 billion in November, a decline of about 30%; the total open interest in Bitcoin and Ethereum futures also decreased from $29 billion to $25 billion, indicating continued market deleveraging. On-chain metrics and the performance of mainstream crypto assets show that the market is approaching key technical support levels, which will determine whether the four-year cycle framework continues to hold. With multi-cycle oversold indicators appearing, the question for Bitcoin's rebound is more "when it will happen" rather than "if it will happen." (Cointelegraph)