Bitcoin’s max pain level has retreated to $63K—why isn’t this a bull signal? Bitcoin’s max pain level has been steadily declining since May 29, 2026 (following a prior six-month downtrend). This, in its simplest form, once again confirms we are in a bear market. Yes, BTC is currently trading $100 above its max pain level, and a close above it could bring short-term positive momentum. However, a continuously declining critical threshold demonstrates the bulls’ weakness. To speak of a renewed bull rally, we need strength on both sides. Think of Bayern Munich with Ribéry and Robben: we need not only increased interest on the spot side, but also strengthening on the derivatives side. Bitcoin must trade above its max pain level—and that max pain level must itself rise. I won’t shout “BTC broke above max pain—bulls are coming!” just to make you happy. I’ll keep reporting what the data says. If you find my content helpful, share it with one friend. #notanadvertisement—I mention the brand because it’s visible.