Gate News reports that as of April 2, the Bitcoin bear market has lasted nearly six months. Glassnode analysis indicates that the market may be entering a “time pain” phase—characterized by prolonged sideways movement rather than sharp declines—causing both bulls and bears to feel exhausted due to a lack of clear direction. Data shows that currently about 80% of long-term Bitcoin holders (those holding for more than 6 months) are in this category, slightly below the 85% level typically seen at the bottoms of previous bear markets. Glassnode believes this suggests that the Bitcoin bear market may be nearing its bottom, but it could still require several months of sideways consolidation to establish a true support level. Note: “Time Pain” is a term used to describe market psychology and price movement conditions, corresponding to “Price Pain.”
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