He said:
“A final price capitulation is usually found in this phase, either before or slightly after the peak outflows.”
FAQ ⏰ Why does Willy Woo say bitcoin is in a bear market? He cites rising volatility and weakening liquidity trends as confirmation of a strengthening bear trend. What are the three phases of a bitcoin bear market according to Woo? They include an early volatility spike phase, a mid-phase with broad risk asset declines, and a final capitulation stage. What signals the mid phase of a BTC bear market? Woo says it is marked by falling risk assets and clear confirmation that markets are in a downturn. Where does Woo believe bitcoin is currently positioned? He assesses that bitcoin is in Phase 1 and approaching Phase 2 of the bear cycle.
