Artistic Perspective: Has Bitcoin Entered a Bear Market?
The recent fluctuations in Bitcoin's price have sparked debate over whether the digital currency has indeed entered a bear market.
Analyst "Ali Martinez" provided an in-depth analysis based on technical indicators and on-chain data, pointing out the possibility of Bitcoin entering a corrective phase, but it may find supporting factors that help it recover.
Signs of Weak Momentum:
Analyst "Martinez" indicates that the liquidity flow indicator between trading platforms shows Bitcoin entering a corrective phase, as the currency has seen a decline of 23% from its peak of over $109,000 in January.
The "MVRV" ratio has also turned negative, which is a traditional sign of market weakness.
Additionally, data showed that miners sold Bitcoin worth over $27 million, while whales offloaded more than $260 million, increasing selling pressure.
New capital inflows into Bitcoin have sharply decreased, from $135 billion in December 2024 to just $4 billion by mid-March 2025, reflecting a slowdown in demand.
Critical Support Levels:
Despite the negative signals, "Martinez" identified the $66,000-$69,000 range as a strong support area, where 750,000 investors purchased 313,000 Bitcoins around the $69,000 level.