Odaily Planet News: Kaiko Research analysis points out that Bitcoin fell to about $59,930 at the beginning of this month, reaching a new low since October 2024, which may mark the "midpoint" of the current bear market. The market has now moved away from 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. The spot trading volume on major centralized exchanges dropped from about $1 trillion in October 2025 to $700 billion in November, a decline of about 30%. The total open interest of Bitcoin and Ethereum futures also fell from $29 billion to $25 billion, indicating continued de-leveraging in the market. On-chain metrics and the performance of major cryptocurrencies show that the market is approaching key technical support levels, which will determine whether the four-year cycle framework remains intact. With multi-cycle oversold indicators emerging, the question for Bitcoin's rebound is more about "when" it will happen rather than "if" it will happen. (Cointelegraph)
Bitcoin Near $60K May Signal Midpoint of Bear Market, Kaiko Research Says
KuCoinFlashShare
Summary
Bitcoin analysis from Kaiko Research suggests Bitcoin news at $59,930 in early February may mark the midpoint of the bear market. The price has moved past the post-halving peak and is entering a typical 12-month bear phase. Exchange spot volume dropped from $1 trillion to $700 billion, a 30% decline. Bitcoin and Ethereum futures open interest fell to $25 billion, showing ongoing deleveraging. On-chain data and crypto performance indicate the market is near key support levels. With oversold indicators in place, a Bitcoin rebound is more a matter of timing than uncertainty.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.