Bitcoin Just Flashed Its Biggest Bear Signal Since 2022 — Collapse Incoming?
Bitcoin's drop below its 365-day Moving Average signals a major bear market risk not seen since 2022.Summary
Bitcoin's price recently plunged nearly 5%, triggering concerns among analysts as it dropped below its 365-day Moving Average (MA), a technical level that confirmed the start of the 2022 bear market, according to Julio Moreno of CryptoQuant. Moreno warned that if Bitcoin fails to quickly reclaim the $102,000 level (where the 365-day MA currently sits), market risk will significantly increase. Historically, during uptrends, this MA has served as crucial support, as seen in August 2024 and April 2025 corrections. The current situation is also supported by Glassnode's 'Top Buyers Cost Basis Distribution' metric, which shows the top 25% of high-cost buyers acquired BTC near $100,000, a level Bitcoin has not breached in two years. A sustained drop below these key technical indicators suggests a potential collapse or prolonged downturn.
(Source：BeInCrypto)