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Crypto Market Shows Slight Recovery Despite Persistent Extreme Fear

The crypto market is recovering, with a 2.95% rise in market cap to $2.26T, although trading volume fell 10.71%. Bitcoin and Ethereum gained 3.20% and 3.82%, respectively. Key gainers include Tesla and PENGU AI. DeFi TVL rose, while NFT sales dropped significantly. Global developments include a jailed individual for a crypto dispute and Switzerland voting on cash protection.

Bitcoin bear market lasts five months, with 74% of long-term holders' profits quickly shrinking

February 25 News, Bitcoin price has fallen approximately 50% from its all-time high, and 74% of long-term holders' profits are rapidly shrinking. CryptoQuant analyst Darkfost pointed out that as Bitcoin price approaches cost basis, the average profit of long-term holders continues to decline, a trend that usually signals the arrival of the bear market capitulation phase. Glassnode reports that the 90-day moving average of realized profit and loss for Bitcoin has fallen below 1, indicating the market has entered an excess loss realization phase. Historical data shows that such a bear market lasts at least six months before market liquidity begins to recover. Analyst James Check noted that Bitcoin has been declining for nearly five consecutive months, with weekly volatility soaring above 150%, and the weekly Relative Strength Index (RSI) also at historically oversold levels. Large amounts of Bitcoin at high price levels are flowing to new holders.

Traditional Finance Alert: AUDJPY has risen by over 1%

Gate News bot message: According to the latest Gate TradFi data, AUDJPY has risen 1% in the short term, with current volatility significantly higher than recent average levels, indicating increased market activity.