Bear markets don’t end with one big green candle. They grind. They take time. Unlike bull phases, reversals aren’t explosive — they’re built slowly through sustained capital inflows. Zoom out: the structure is still weak. Even with a few positive ETF days, the 10-day cumulative net flow is still deeply negative (~-18,000 BTC). That’s not sustainable demand. That’s noise. Real reversals start with consistent capital returning to the market — not a single strong session. BTC has been in drawdown for over 4 months, down 50%+ from the October peak. That’s normal historically. But once drawdowns extend beyond 100 days, recoveries usually take months — sometimes years — not weeks. Patience wins this phase.
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The market right now is a patience game.
Bear markets don’t end with one big green candle. They grind. They take time. Unlike bull phases, reversals aren’t explosive — they’re built slowly through sustained capital inflows.
Zoom out: the structure is still weak.
Even with a few positive ETF days, the 10-day cumulative net flow is still deeply negative (~-18,000 BTC). That’s not sustainable demand. That’s noise.
Real reversals start with consistent capital returning to the market — not a single strong session.
BTC has been in drawdown for over 4 months, down 50%+ from the October peak. That’s normal historically. But once drawdowns extend beyond 100 days, recoveries usually take months — sometimes years — not weeks.
Patience wins this phase.