According to The Block, on-chain data firm CryptoQuant stated that Bitcoin has not yet reached a "full capitulation" bottom. Several key on-chain indicators are still in the "bear market phase" and have not entered the "extreme bear market phase" commonly seen at historical bottoms. CryptoQuant pointed out that although Bitcoin experienced approximately $5.4 billion in single-day realized losses during the February 5 drop, the monthly cumulative realized losses are still significantly lower than the levels seen at previous bear market bottoms. The corresponding "ultimate bear market bottom" is currently around $55,000, and it usually takes several months to form. https://www.(wublock123.com)/index.php?m=content&c=index&a=show&catid=6&id=56733