Bitcoin (BTC) is currently experiencing its deepest correction in this bull cycle. Before recovering some ground to $87,000 as of press time, it had dumped below $81,000 after losing over 35% from its value since the all-time high in early October.

Although the consensus remains that BTC and the broader crypto market still have one more rally to go (possibly in 2026) before the bull cycle ends, technical and fundamental metrics suggest otherwise. The latest weekly report from CryptoQuant has analyzed on-chain and off-chain metrics that indicate the bear market may have begun.

Bitcoin (BTC) is currently experiencing its deepest correction in this bull cycle. Before recovering some ground to $87,000 as of press time, it had dumped below $81,000 after losing over 35% from its value since the all-time high in early October.

Although the consensus remains that BTC and the broader crypto market still have one more rally to go (possibly in 2026) before the bull cycle ends, technical and fundamental metrics suggest otherwise. The latest weekly report from CryptoQuant has analyzed on-chain and off-chain metrics that indicate the bear market may have begun.