Kaiko Research: Bitcoin Drops to $60,000, Signaling Bear Market Halftime

BlockBeats News, February 10, according to Cointelegraph, Kaiko Research stated that Bitcoin's sharp pullback earlier this month may represent a key "mid-cycle dip" in this bear market.

Kaiko pointed out that this decline indicates that the market has transitioned from the post-halving euphoria phase to a more historically typical bear market phase. This phase usually lasts for about 12 months before entering a new accumulation phase.