Bitcoin Is Underperforming, But This Isn’t a Classic Bear Market
Bitcoin is lagging, but the broader risk complex isn’t signalling a full bear cycle.
November has been a particularly difficult month for Bitcoin. Strong ETF outflows, a weak turn in U.S. equities, and uncertainty around the Federal Reserve have all weighed on sentiment.
That combination pushed Bitcoin into the group of underperformers among major global assets.
And while last week looked like the beginning of a rebound, it’s important not to confuse a pause in selling with the start of a real recovery.
Today, let’s look at what the data suggests about Bitcoin’s natural price range under the current conditions.
Ecoinometrics delivers professional-grade crypto and macro analysis to help institutional investors and serious traders make data-driven decisions.
Our team conducts rigorous quantitative research, developing proprietary metrics and institutional-quality visualizations that cut through the noise to reveal key market dynamics.
Each newsletter provides clear, actionable insights backed by data, delivered in a concise format that respects your time - five minutes to absorb, but deep enough to inform your investment strategy.
Join over 35,000 professional investors and fund managers:
Ready? Let’s dig into the data.
Bitcoin Is Underperforming, But This Isn’t a Classic Bear Market
The Takeaway
Bitcoin has slipped into negative 12-month returns and now ranks among the weakest major assets, but the broader risk complex is not signalling a full bear market.
