Bear Market Low: Bitcoin's One-Year Holding Return Plummets 49%

Bitcoin's one-year holding return has plummeted to -49%, a level that historically coincides with bear market lows.

However, analysts caution against jumping to conclusions, as this metric alone is not a reliable buy signal. According to historical data, the market may still have further to fall before reaching its bottom.

The current technical setup, including price below moving averages and an RSI of 42.5, indicates that momentum remains bearish.