Does Bitcoin’s Retreat Signal a New Bear Market for Crypto?

Bitcoin’s sharp retreat from its late 2025 peak, capped by its worst single-day drop since the 2022 market crash, has reignited concerns that crypto has already entered a bear market under conventional definitions.

Between February 4 and 5, Bitcoin logged one of its sharpest trading periods in more than three years, posting a roughly 14% single-day decline, the largest since a 14.19% drop on November 9, 2022, according to historical data on CoinGlass.

Bitcoin’s price fell from around $73,100 to a low near $60,255 by Thursday evening, extending Bitcoin’s drawdown to more than 50% from its October 2025 all-time high of $126,080, and triggering more than $1.4 billion in liquidations over a 24-hour period, according to data…

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