Analysis: Bitcoin's rebound is only a matter of time; a drop to nearly $60,000 may mark the "midterm" of the bear market.

SmartContractAuditor · 2026-02-10T17:20:54+00:00

Kaiko Research analysis suggests that Bitcoin's drop to around $59,930 since the beginning of this month may mark the "midpoint" of the bear market. The market has entered a typically 12-month-long bear phase, with spot trading volume significantly declining. As oversold indicators appear, a Bitcoin rebound is only a matter of time.

SmartContractAuditor

2026-02-10 17:20:54

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Odaily Planet Daily reports that Kaiko Research analysis indicates Bitcoin dropped to approximately $59,930 at the beginning of this month, hitting a new low since October 2024. This may mark the “midpoint” of the current bear market. The market has now moved away from the frenzy phase following the halving and entered a typical bear market period lasting about 12 months, paving the way for the next accumulation phase. Spot trading volume on major centralized exchanges decreased from about $1 trillion in October 2025 to $700 billion in November, a decline of approximately 30%. The total open interest of Bitcoin and Ethereum futures contracts also fell from $29 billion to $25 billion, indicating ongoing deleveraging in the market. On-chain indicators and mainstream crypto asset performance show that the market is approaching a critical technical support level, which will determine whether the four-year cycle framework continues. As multi-cycle oversold indicators appear, Bitcoin’s rebound is more about “when it will happen” rather than “if it will happen.” (Cointelegraph)

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