The Wolf Of All Streets Bitcoin Falls Below $92K! Has The Bear Market Begun?
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Nov 17, 2025 The lively panel discusses whether Bitcoin has entered a bear market or is simply in a sideways trend. They explore the impact of new derivatives on market access and leverage. Investor sentiment reveals a desire for lower prices to accumulate more Bitcoin. Contrasting bearish technical signals with long-term bullish fundamentals spurs debate. The team argues that liquidity dynamics will significantly influence Bitcoin's future, while cautioning against relying on predictable price cycles. Overall, the discussion highlights the tight rope traders are walking in a volatile landscape.
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Yearlong Sideways, Not A Clear Rally
- Bitcoin has traded sideways for much of the past year and lacks a clear bull market breakout.
- Many market participants now debate whether this is a sideways market or the start of a new bear phase.
Understand Perpetuals Versus Futures
- Perpetual swaps offer cheaper, tighter spreads and real-time liquidation compared with traditional futures.
- Consider product economics: perpetual swaps may lower costs for leveraged long positions but won't necessarily move price by themselves.
On-Chain Losses But Funding Still Positive
- On-chain data shows short-term holder supply hitting loss levels lower than prior bear bottoms, implying many holders are underwater.
- Positive funding rates indicate leverage remains net-long, so full capitulation hasn't arrived yet.