Altcoins News

Story: Bitcoin Bear Market Hits Harder Than 2022 Crash

By Dan Saada

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Bitcoin's current nosedive looks worse than 2022. CryptoQuant dropped data Wednesday showing the crypto giant fell 23% over 83 days since November, while 2022's same stretch only…

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"Momentum is deteriorating faster this cycle," CryptoQuant said in their report. The numbers don't lie - Bitcoin peaked at $126,000 in October before that brutal liquidation…

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The "Traders' On-chain Realized Price" became Bitcoin's enemy recently, rejecting it three times. During bull runs, that level acts like a safety net.

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Santiment's data shows sentiment for Bitcoin and Ethereum hit "extremely bearish" territory.

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Glassnode wasn't pulling punches either. They said: "The BTC bear market rages on as profitability resets, realised losses rise, spot demand stays weak, and leverage unwinds.

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The broader crypto market took a beating too. Total market cap sank 4.4% to $2.53 trillion - lowest since April 2025.

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Ethereum's struggles got worse Thursday, February 5. It can't climb back above $2,100 and there's no recovery in sight.

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Market participants don't know where this ends. Some fear we'll revisit 2024's bear market lows, and honestly, nobody's ruling it out.

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CryptoQuant's analysis zeroed in on that Traders' On-chain Realized Price level again. The repeated rejections there signal a major shift in market dynamics.

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And there's more bad news brewing. CryptoQuant's February 5 data revealed Bitcoin's network activity is declining.

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Glassnode reported February 4 that Bitcoin's realized losses hit new highs. That metric tracks coins sold at a loss, and it's surging.

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Brian Quinlivan from Santiment voiced concerns about more volatility coming. He noted retail investor sentiment is extremely negative, which could trigger unpredictable price…

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February 5 saw Bitcoin's trading volume spike as traders reacted to the price drop. Major exchanges recorded the surge, suggesting heightened activity as investors either give up…

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The crypto space faces serious challenges right now. Many altcoins crashed 80% from their peaks, highlighting the extreme risk and instability investors are dealing with.

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Bitcoin's network fundamentals keep weakening. User engagement is down, realized losses are up, and support levels keep breaking.

The Currency Analytics

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