Bitcoin's Bear Market End Signal Draws Analysts' Attention

The cryptocurrency market has been struggling with a prolonged bear phase, but analysts are now keeping a close eye on historical data to predict when the downturn will come to an end.

Research from Alphractal suggests that prior bear markets ended when the Short-Term Holder Realized Price (STHRP) crossed below the Long-Term Holder Realized Price (LTHRP). This crossover marks a crucial moment where newer market participants, who were holding coins at higher prices, are forced to sell and transfer their assets to stronger hands.

This signal has been one of the most reliable structural indicators for identifying cycle bottoms in past cycles. Once this shift occurs, the downside momentum typically fades, and accumulation phases begin. The subsequent bull market usually starts when the two metrics cross again and lasts for approximately three years.