BITCOIN IS STILL IN BEAR MARKET TERRITORY Three key indicators—the aSOPR - 1 (x10), the Puell Multiple - 1, and the Reserve Risk Multiple - 1—are all currently hovering below the zero line, confirming a dominant bearish posture. For these specific indexed metrics, values below zero signify deep market capitulation, depressed mining revenues, and an extended accumulation phase. The first technical confirmation of a trend reversal from bearish to bullish will be the aSOPR metric crossing back above zero. A confirmed break on the aSOPR, followed by zero-line breakouts on the Puell Multiple and Reserve Risk Multiple, will validate that a new BTC bull market has officially begun.(Ali Charts)