Caleb Franzen: Bitcoin bear market is not at capitulation phase

Caleb Franzen: Bitcoin bear market is not at capitulation phase
Bitcoin bear market not at capitulation

Caleb Franzen argues that the current Bitcoin bear market has yet to reach a phase of capitulation.

According to Franzen, Bitcoin's peak was about eight months ago, with nearly five of those months spent in relief rallies rather than consistent declines. He points out that there have been 147 days of downtrend rallies compared to 93 days of continued downward movement.

Franzen has previously noted that financial sector stocks are in a downtrend and have underperformed the S&P 500. He has also reported that BlackRock clients sold $190 million in IBIT ETF holdings. These observations reflect ongoing shifts in investor positioning across different asset classes.

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