#BitcoinHitsBearMarketLow

The crypto markets are witnessing historic days where the "digital gold" narrative is being severely tested and investors are undergoing a grueling endurance trial. Following the record levels reached a while ago, this wave of correction has brought about the deep "cleansing" that has been expected for a long time.
Reading this tremor through concrete data is of great importance to understand the gravity of the situation. Having lost approximately 40% of its value since its peak of $126,000 in October, Bitcoin has tested its lowest levels in the past year by retreating to $71,800 within the last few days. This 19% meltdown experienced in just one week resulted in over $500 billion in capital being wiped out from the total market value of digital assets. In particular, the $30 billion net outflow from the spot ETF side is considered the clearest indication that institutional investors have shifted to a "wait-and-see" strategy.
From a technical perspective, the "extreme fear" dominating the market has pushed sentiment indices down to the level of 12. Along with the sharp decline in recent days, the leveraged positions of more than 420,000 investors were liquidated, and 95% of the long-oriented trades in the market were wiped out in a single day. Following the permanent loss of the critical support level at $80,200, analysts agree that the next strong buying zone could be the 200-week moving average in the $58,000 band.
Although this picture may seem pessimistic, it should not be forgotten that such large-scale liquidations are a historical necessity for the market to settle on a rational ground. While spot volumes remain quite weak for now, on-chain data continues to leak, suggesting that major players are showing an appetite for accumulation in the $66,000 - $70,000 range. Amidst the uncertainties, the only certain thing is that the market is seeking a new equilibrium, and as a result of this process, only those with the strongest foundations will survive.