Crypto Bullish Indicator: Bear Market May Be Over

A sharp decline in Bitcoin's share of addresses sitting at a loss may signal the end of the bear market, according to on-chain analyst Crypto Dan. This move has historically marked the end of bear markets rather than short-lived bounces, Crypto Dan noted.

The analysis comes after two macro shocks: a Fed rate hike and a stalled Senate vote on the CLARITY Act. These events may have reduced downside risk for Bitcoin's price and had positive implications for crypto adoption, DeFi, token markets, and on-chain resilience.