Analysis: A Bitcoin rebound is only a matter of time; a drop to nearly $60,000 may mark the "halfway point" of the bear market.

Kaiko Research analysis indicates that Bitcoin's drop to approximately $59,930 earlier this month, a new low since October 2024, may mark the "halfway point" of the current bear market. The market has now moved beyond the post-halving frenzy and entered a bear market period that typically lasts about 12 months, paving the way for the next accumulation phase. Spot trading volume on major centralized exchanges fell from approximately $1 trillion in October 2025 to $700 billion in November, a drop of about 30%. Total open interest in Bitcoin and Ethereum futures also decreased from $29 billion to $25 billion, indicating continued market deleveraging. On-chain metrics and the performance of mainstream crypto assets suggest the market is approaching a key technical support level, which will determine whether the four-year cycle framework continues. With the emergence of oversold indicators across multiple timeframes, the question of a Bitcoin rebound is more about "when" than "whether." (Cointelegraph)