Bitcoin is volatile enough you can cherry-pick pretty much any %age you want based on the dates you choose. Which you seem to have done here - "happening" to choose the day with the lowest single day value in the last 3 years for your comparison point.
For another narrative, it was 83,038 a month ago on Sept 29th, so is down 5% in one month. And one year ago it was 112,562 on Oct 29th 2025 - down over 30% in one year. Well into "bear market" territory.
Using "traditional" market indicators and definitions for things like bear/bull markets doesn't feel sensible for such a volatile market.
It's a (weak) bear market capitulation signal - max fear when people think everything is broken.
It seems like bitcoin, currently 78719, was only 58526 on 30 June. That's 34.5% up in four months, meeting the definition of bull market.
Bitcoin is volatile enough you can cherry-pick pretty much any %age you want based on the dates you choose. Which you seem to have done here - "happening" to choose the day with the lowest single day value in the last 3 years for your comparison point.
For another narrative, it was 83,038 a month ago on Sept 29th, so is down 5% in one month. And one year ago it was 112,562 on Oct 29th 2025 - down over 30% in one year. Well into "bear market" territory.
Using "traditional" market indicators and definitions for things like bear/bull markets doesn't feel sensible for such a volatile market.
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it will be sub 50k soon probably. a weak rebound already losing air
already over. a tiny bounce after falling 55%