Bitcoin Faces Potential Bear Market Amid Structural Stress

Bitcoin is confronting the possibility of entering a bear market, as indicated by key on-chain metrics that reveal structural stress and weakening capital rotation. According to NS3.AI, despite Bitcoin's price maintaining support near $66,550, there are signs of deteriorating market conditions. These include declining network activity and low realized profit/loss ratios. To prevent further declines, Bitcoin needs to decisively surpass critical resistance levels, such as $71,693 and the 20-day EMA.