Bitcoin falls to bear-market valuation zone near 200-week average as sentiment hits extreme lows
By
Shaurya Malwa
Summary
Bitcoin has dropped to a valuation level typically seen only during the deepest phases of past bear markets, trading near its 200-week moving average. Onchain data places BTC in the bottom 10% of its historical valuation range. The Crypto Fear and Greed Index shows extreme market pessimism, and analysts warn that despite signs of capitulation, a slow grind lower may follow.
Source
bskyBitcoin falls to bear-market valuation zone near 200-week average as sentiment hits extreme lowscoindesk.comKey quotes
· 4 pulledCheckonchain data show BTC fell toward close to its 200-week average, a rough four-year trend line watched by long-term holders.
The model puts bitcoin in the bottom 10% of its historical valuation range, a zone that has appeared only during the deepest parts of past bear markets.
The mood in the market is just as washed out.
Two widely watched gauges show capitulation, but the analyst flagging them warns the slow grind comes next.
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