Svmuu News The Bitcoin bear market has persisted for nearly six months, with analysis suggesting the current market may have entered a "time pain" phase. Prolonged sideways consolidation rather than sharp declines is causing fatigue among both bulls and bears due to a lack of directional clarity. Glassnode analysis points out that long-term Bitcoin holders (holding for over 6 months) currently account for approximately 80% of the supply, slightly below the historical bear market bottom level of around 85%. This implies that the Bitcoin bear market may be nearing its bottom phase, but it might still require several months of "boring" sideways consolidation to establish a solid foundation.
Note: "Time Pain" is a term used to describe a state of market psychology and price action, serving as a contrasting concept to the more common "Price Pain." (CoinDesk)