Foresight News reports that Willy Woo tweeted that dividing the Bitcoin bear market into three stages is very helpful for judging the cycle. The first stage—the beginning of the bear market—occurs when Bitcoin’s liquidity has already collapsed (this happens in Q3 2025), and the price begins to decline. Bitcoin is a relatively small asset, so it is highly sensitive to liquidity. For this reason, it often leads the global macroeconomy into a bear market, usually by several months. In other words, when smart money withdraws, Bitcoin reacts quickly. Smart money may also withdraw from the stock market, but the stock market does not respond rapidly. In this stage, long-term ultra-bullish investors blindly claim that this is just a correction within a larger bull market, but they cannot provide strong evidence of capital inflows and only talk empty words.
The second stage—global stock markets enter a bear market. Since the stock market is a massive market worth up to $100 trillion, it is like a giant supertanker, slow to move. This is the mid-stage of Bitcoin’s bear market, during which all risk assets are declining, and it is unquestionable that we are in a bear market. The third stage—the dawn at the end of the tunnel. In this stage, liquidity begins to improve, capital outflows peak and start to stabilize. Investors are returning. This stage usually features the last price plunge (capitulation sell-off), which occurs either before the peak of capital outflows or slightly after. According to this bear market framework, Bitcoin is currently in the first stage and approaching the second stage.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Solana Holds Key Support as Range Tightens Below $90
Key Insights
Solana trades near $80 support as price compresses within a tight range, reflecting reduced volatility and balanced market participation among traders.
Persistent lower highs and price below major moving averages confirm ongoing bearish structure, limiting recovery attempts
CryptoNewsLand4m ago
BTC 15-minute rise of 0.45%: driven by routine trading, with moderately resonating macro hedging sentiment
From 2026-04-07 15:15 to 15:30 (UTC), Bitcoin (BTC) recorded a +0.45% return. The price moved slightly upward within the USDT range of 67,886.0 to 68,199.5, with an amplitude of 0.46%. During this period, market attention increased somewhat, but overall volatility remained within the normal range, and no unusual market fluctuations appeared.
The main driving force behind this anomaly was routine trading activity in the spot market. On-chain data shows that the number of active addresses in the 15-minute window was about 66,000, slightly higher than the previous period. In the same period, spot trading volume increased by about 0.5 from the previous period over period
GateNews18m ago
Schwab says even a 1% crypto allocation can reshape portfolio risk
Charles Schwab's research highlights that cryptocurrency allocation in portfolios relies more on investors' risk tolerance than return forecasts. With high volatility, even small crypto allocations can significantly affect portfolio risk, though they remain speculative investments.
CoinDesk1h ago
BTC 15-minute drop of 0.51%: short-term capital outflow and macro volatility converging to trigger a pullback
Between 2026-04-07 14:00 and 2026-04-07 14:15 (UTC), the BTC price fluctuated within the range of 67801.3 - 68256.1 USDT. The candlestick chart recorded a -0.51% return, with an amplitude of 0.67%. Short-term volatility intensified, and market attention increased significantly. Overall liquidity was still within the normal range, but showed marginal changes.
The main drivers of this unusual move are the combined effect of short-term capital outflows and the simultaneous rise in net inflows to exchanges. Short-term holders take profit or cut losses at market volatility nodes, pushing prices lower. Spot
GateNews1h ago
'A whole civilization will die': Crypto markets under pressure as Trump ups rhetoric towards Iran
Bitcoin has fallen to around $68,000 after hitting over $70,000, coinciding with Trump's Iran deadline. U.S. stock futures also declined, while oil prices rose. Vance's comments tempered market reactions, stating military goals in Iran were met.
CoinDesk2h ago
Analyst Says Five Years of Nothing for Ethereum and Altcoin Will Finally End Soon
Analyst says five years of nothing for Ethereum and altcoins will end soon.
This means the altseason peak phase is nearing.
How far can the price of ETH pump this year?
Expectations for altseason to play out this year remain strong despite the many calls for the bear market to have
CryptoNewsLand3h ago
