When Will The Bear Market End?

The below is an excerpt from a current edition of Bitcoin Magazine Pro, Bitcoin Magazines premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis directly to your inbox, subscribe now.Price-Based Capitulation Versus Time-Based CapitulationA appearance at previous bitcoin bear market cycles shows two distinct phases of capitulation: The first is a price-based capitulation, through a series of sharp selloffs and liquidations, as the possession draws down anywhere from 70 to 90% below previous all-time-high levels. Lets cover both of these phases with information and visuals derived from the blockchain.Bitcoin Drawdowns from All-Time HighsWhile much has been written about the macroeconomic backdrop relating to the bitcoin market (with our analysis surely consisted of), this bitcoin cycle ironically does not look all that different from the cycles of the past.At the time of writing, bitcoin is 69.72% below previous all-time highs, with the peak of the drawdown reaching 71.86% on May 18.

The listed below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazines premium markets newsletter. To be among the very first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now.Price-Based Capitulation Versus Time-Based CapitulationA appearance at previous bitcoin bear market cycles shows two unique phases of capitulation: The very first is a price-based capitulation, through a series of sharp selloffs and liquidations, as the asset draws down anywhere from 70 to 90% below previous all-time-high levels. Lets cover both of these phases with visuals and information derived from the blockchain.Bitcoin Drawdowns from All-Time HighsWhile much has actually been composed about the macroeconomic background relating to the bitcoin market (with our analysis assuredly consisted of), this bitcoin cycle ironically does not look all that various from the cycles of the past.At the time of composing, bitcoin is 69.72% below previous all-time highs, with the peak of the drawdown reaching 71.86% on May 18.