[Analysis: Bitcoin has fallen below the 0.75 cost basis percentile, entering the 'bear market' zone] BlockBeats reports that on November 19, glassnode released a chart analysis indicating that Bitcoin has fallen below the 0.75 cost basis percentile, a level historically regarded as the bear market zone. In previous cycles, reclaiming and maintaining above this level has been key to restoring the bull market structure. Bulls are hoping to see Bitcoin regain this level.