Analysis: Bitcoin falls into the "time pain" trap; the bear market may require several months of sideways movement to bottom out.

DeepFlowTech · 2026-04-02T13:59:38+00:00

Bitcoin's recent trading price has fallen below $66,000, and the bear market has lasted nearly six months, entering the "time pain" phase. Long-term holders account for about 80%, close to the bottom of the bear market, but several months of sideways consolidation are still needed.

DeepFlowTech

2026-04-02 13:59:38

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Deep Tide TechFlow message, April 2, according to CoinDesk, Bitcoin’s recent trading price has been below $66,000, and the bear market has lasted for nearly six months. The analysis suggests that the current market may be entering a “time pain” phase—long periods of sideways consolidation rather than sharp selloffs—leaving both bulls and bears exhausted by a lack of directional clarity. Glassnode’s analysis indicates that at present, long-term Bitcoin holders (holding for more than 6 months) account for roughly 80%, slightly below the 85% level seen at the bottoms of past bear markets. This means Bitcoin’s bear market may be approaching the bottom stage, but it may still require several months of “boring” sideways consolidation to form true support.

Note: “Time Pain” (时间痛) is a term used to describe the market’s psychology and price-trend conditions, and it is contrasted with the more common “Price Pain.”

BTC-1,54%

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