Bitcoin is now down approximately 46% from its peak, confirming that the market has entered a deep bearish phase.
Price is currently testing the 1.25× Realized Price band, a historically critical zone that separates normal corrections from full capitulation phases.
This level has repeatedly acted as a decision point in past cycles:
Holding above it often leads to stabilization and recovery
Losing it typically signals deeper downside and panic-driven selling
The coming period is crucial, as Bitcoin’s reaction here will define the next macro move 📊