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Bitcoin bear market end in sight as on-chain metrics signal final phase

An on-chain signal suggesting the bitcoin market may be entering the final stage of a bear market has been detected, an analysis said. The signal formed as the average purchase price of short-term holders fell below that of long-term holders, resembling patterns seen in the later part of past bear markets. Analyst Darkpost said the crossover does not confirm a price bottom. A bullish shift would require an upward crossover, he said.