Analysis: Bitcoin Bear Market "Time Pain" May Persist for Months, Bottom May Be Gradually Approaching

Odaily News The Bitcoin bear market has persisted for nearly six months, with analysis suggesting the current market may have entered a "time pain" phase. Prolonged sideways consolidation rather than sharp declines is causing fatigue among both bulls and bears due to a lack of directional clarity. Glassnode analysis points out that long-term Bitcoin holders (holding for over 6 months) currently account for approximately 80% of the supply, slightly below the historical bear market bottom level of around 85%. This implies that the Bitcoin bear market may be nearing its bottom phase, but it might still require several months of "boring" sideways consolidation to establish a solid foundation.

Note: "Time Pain" is a term used to describe a state of market psychology and price action, serving as a contrasting concept to the more common "Price Pain." (CoinDesk)