TechFlow News, February 10: According to a Cointelegraph report, Kaiko Research analysis indicates that Bitcoin dropped to approximately $59,930 early this month—the lowest level since October 2024—potentially marking the “midpoint” of the current bear market. The market has now moved past the post-halving euphoria phase and entered the typical ~12-month bear market period, paving the way for the next accumulation phase. On-chain metrics and the performance of major crypto assets suggest the market is approaching key technical support levels, which will determine whether the four-year cycle framework remains intact. Spot trading volume across major centralized exchanges declined roughly 30%, from about $1 trillion in October 2025 to $700 billion in November; meanwhile, total Bitcoin and Ethereum futures open interest fell from $29 billion to $25 billion, reflecting ongoing market deleveraging. With multiple timeframes showing oversold conditions, the question regarding Bitcoin’s rebound is increasingly one of “when,” rather than “if.”
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