TechFlow reported that Michaël van de Poppe, crypto analyst and founder of MN Trading, said on social media that Bitcoin is undergoing its longest bear market in history, making the cryptocurrency market appear quiet. Despite this, he noted that such concerns among people are not unfounded.
He explained that people tend to make decisions based on historical patterns. He mentioned that Bitcoin experiences cyclical phases of expansion, sharp corrections, accumulation, and a new round of expansion. However, he emphasized that the duration of these cycles varies.
He compared the current bear market to 2015, describing it as a period of sideways trading. While fundamentals continue to grow steadily, confidence in cryptocurrencies is gradually weakening. At present, Bitcoin’s price remains more than 50% below its peak in November 2021, having already entered its 490th day of a bear market.
He believes that although the market is in a "bear market mode," Bitcoin is increasingly being adopted by governments and institutions—for example, BlackRock holding equity in mining companies, multiple Bitcoin and Ethereum ETF applications, and the launch of European ETFs. However, these developments have yet to reflect in price, as the market remains influenced by two years of price declines.
He advised investors to stay calm, recognize their pain points, learn from them, and apply these lessons in future cycles. He pointed out that the market must go through a phase of "time surrender" before entering a stage of expansion and acceleration.
