8.10 BTC is still miles away from the bear market bottom 1. Overlaying S&P and BTC for comparison shows that BTC's bull market peak often comes earlier than S&P, while the bear market bottom tends to align with S&P. 2. In the first half of the bear market, BTC drops independently, while S&P keeps hitting new highs; in the second half, S&P's crash usually drags the crypto market into a deeper bear phase. 3. Right now, S&P is at new highs, and many people are already calling for a bear market bottom. But I think BTC has only completed the first half of the bear market, and the bottom will exceed most people's expectations.