RE: LeoThread 2025-11-04 15-55
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Why bitcoin is on the brink of a bear market weeks after hitting all-time highs
Weeks after the biggest bitcoin liquidation event ever, the world's largest crypto is teetering at the edge of a bear market.
Bitcoin is teetering at the edge of bear market territory just a few weeks after touching a fresh all-time high.
It was a month of dashed hopes for the world's largest cryptocurrency, which saw dreams of "Uptober" fade as bitcoin suffered its first losing October in seven years.
"The sentiment index has fallen to 21, the lowest level since 9 April, indicating extreme fear. Last month, entering this territory triggered a rebound, but the market has already fallen below those levels," Alex Kuptsikevich, chief market analyst at FXPro, said Tuesday morning.
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bear markets are where real wealth gets built if you're patient - been stacking assets through dips for years, letting time and compounding do the work. sentiment's low now but history shows november often rebounds strong