Crypto market analysts have change into more and more bearish, with technical alerts favoring additional draw back earlier than any significant restoration.
An increasing number of peak bear market alerts are flashing up on the Bitcoin charts, main analysts to consider that the ache just isn’t over but, however we could also be nearing the underside.
Bitcoin has now closed for a 3rd week under the 100-week transferring common and has been beneath this long-term trendline for 13 days, observed Coin Bureau CEO Nic Puckrin on Monday.
Traditionally, BTC has remained under this for a median of 267 days, with the shortest interval at 34 days throughout the Covid flash crash in March 2020, he added, earlier than predicting it might keep under this for longer.
“Due to this fact, traditionally, we usually tend to stay under for an extended time frame. A fast bounce again continues to be doable, however the longer we stay under, the much less doubtless.”
Additional Losses Make Accumulation Alternatives
In the meantime, MN Fund founder Michaël van de Poppe said the “holder’s provide in revenue/loss is rising,” which implies extra folks aren’t benefiting from Bitcoin, and the loss is rising considerably.
“That is one thing we have solely been seeing throughout peak bear markets in 2015, 2018, and 2022,” he stated, earlier than including that it ought to present accumulation alternatives.
CryptoQuant founder Ki Younger Ju was additionally bearish, stating, “Bitcoin just isn’t pumpable proper now.”
Promoting stress is simply too heavy for any multiplier impact, he stated earlier than including that digital asset treasuries “will not work till it turns into pumpable once more.”
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Bitcoin just isn’t pumpable proper now.
In 2024, $10B in money might create $26B in BTC ebook worth. In 2025, $308B flowed in, but the market cap fell $98B. Promoting stress is simply too heavy for any multiplier impact.
MSTR and DATs will not work till it turns into pumpable once more. pic.twitter.com/T8NZHio4H9
— Ki Younger Ju (@ki_young_ju) February 9, 2026
Glasnode reported on Monday that the unrealized market lack of $70,000 is roughly 16% of the market cap.
“Present market ache echoes the same construction seen in early Might 2022.”
“Bitcoin quantity is telling,” noticed analyst ‘Sykodelic’. “On the nuke to $60k we hit the fourth largest quantity interval because the 2022 backside,” he said.
Nevertheless, the analyst additionally stated that every interval since then that has recorded quantity to this diploma “has marked a key pivot in value route,” questioning whether or not $60,000 was the underside.
Bitcoin Loses $70K Stage Once more
The bearish sentiment is for good cause. Bitcoin fell under $70,000 twice on Monday and traded round $69,000 on Tuesday morning in Asia.
The asset has been consolidating round this stage since recovering from its crash to $60,000 on Friday. It stays down 44% from its peak and is in bear-market territory, with the trail of least resistance downward.
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