Analysis: The "time pain" of Bitcoin's bear market may continue for several months, and the bottom could be gradually approaching

ME News, April 2 (UTC+8): Bitcoin’s bear market has lasted nearly six months. Analysts believe the current market may have entered a “Time Pain” phase, where it moves sideways for the long term rather than seeing sharp declines—leaving both bulls and bears feeling worn out due to the lack of direction. Glassnode’s analysis shows that at present, long-term Bitcoin holders (holding for more than 6 months) account for about 80%, slightly below the 85% level seen at previous bear market bottoms. This suggests that Bitcoin’s bear market may be approaching the bottom stage, but it may still need several months of “boring” sideways consolidation to form real support. Note: “Time Pain” (Time Pain) is a term used to describe the market’s psychology and the state of its price action, contrasted with the more commonly known “Price Pain” (Price Pain). (Source: ODAILY)