Bitcoin's Market Value Plummets by $1.2 Trillion Amid Ongoing Bear Market

Bitcoin's price has been on a downward trend since October 2025, when it reached an all-time high of $2.4891 trillion in market value. As of now, the total market cap has fallen to $1.2918 trillion, indicating a significant drop of 49.53% from its peak.

The BPDA% metric, which measures the price drawdown analysis, is currently sitting deep below its one-year average, signaling extreme stress and capitulation in the market. This condition has been flagged by crypto analyst GugaOnChain, who noted that the current reading places Bitcoin in extreme stress territory.

Four support zones have been identified as potential triggers for a shift to accumulation, including the $60,000 level, the Realized Price near $54,600, and the $49,000 region. The latter two levels are considered more likely to hold as durable bottoms given current momentum.