TechFlow News: On April 2, according to CoinDesk, Bitcoin’s recent trading price has fallen below $66,000, and the bear market has persisted for nearly six months. Analysts suggest the market may have entered a “time pain” phase—characterized by prolonged sideways movement rather than sharp declines—leaving both bulls and bears fatigued due to the lack of clear directional signals. Glassnode analysis indicates that long-term Bitcoin holders (those holding for over six months) currently account for approximately 80% of all holders, slightly below the 85% level typically observed at previous bear market bottoms. This implies that Bitcoin’s bear market may be nearing its bottom, though several more months of uneventful, sideways consolidation may be required before genuine support forms.
Note: “Time pain” is a term describing a market’s psychological state and price-action condition, serving as a contrast to the more common concept of “price pain.”
