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Deep Tide TechFlow News, February 14th, reports that according to CryptoQuant analysis, the "ultimate" bear market bottom for Bitcoin is around $55,000, and the current price remains more than 25% above that level. The organization states that bear market bottoms typically take several months to form rather than a single crash event, and key indicators such as the MVRV ratio and NUPL have not yet reached historical bottom zones. Although Bitcoin holders experienced a $5.4 billion daily loss on February 5th (the largest since March 2023), the market has not entered an "extreme bear market phase." Meanwhile, Standard Chartered Bank predicts that Bitcoin may first drop to $50,000 before rebounding before the end of the year.