Analysis: Bitcoin's bear market "time pain" may continue for months, and the bottom could be gradually approaching

ME News Report, April 2nd (UTC+8), Bitcoin’s bear market has lasted nearly six months. Analysts believe the current market may have entered the “Time Pain” phase, characterized by long-term sideways movement rather than sharp declines, causing both bulls and bears to feel exhausted due to a lack of direction. Glassnode’s analysis indicates that currently about 80% of long-term Bitcoin holders (holding for over 6 months) are in possession, slightly below the 85% level seen at previous bear market bottoms. This suggests that Bitcoin’s bear market may be nearing its bottom, but it could still require several months of “boring” sideways consolidation to establish a true support level. Note: “Time Pain” is a term used to describe the market psychology and price trend state, contrasting with the more common “Price Pain.” (Source: ODAILY)