TechFlow News: On February 14, according to The Block, CryptoQuant analysis indicates that Bitcoin’s “final” bear market bottom is approximately $55,000—currently still over 25% above that level. The firm notes that bear market bottoms typically form over several months rather than via a single crash event, and key indicators such as the MVRV ratio and NUPL have yet to reach historical bottom levels. Although Bitcoin holders realized a daily loss of $5.4 billion on February 5—the largest since March 2023—the market has not yet entered an “extreme bear market phase.” Meanwhile, Standard Chartered Bank forecasts Bitcoin may first fall to $50,000 before rebounding by year-end.
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