Bitcoin entered a prolonged bear phase in October 2025 after a flash crash triggered a 19% drop from its $126,000 all-time high. Prices fell to $60,000 before stabilizing in consolidation.
Recent data shows Bitcoin’s 20-day correlation with the S&P 500 has rebounded from -0.5 to -0.10-a pattern historically linked to impending stock market crashes and subsequent Bitcoin sell-offs.
Market analyst Tony Severino notes that such reversals have preceded 70-80% drawdowns, following an initial bounce lasting 10-17 weeks. The current rebound is now eight weeks old, aligning with this warning signal.
At $68,584, Bitcoin faces declining trading volume, down 41.21% in 24 hours, as momentum stalls after failing to break $75,000.
