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Bitcoin's bear market hits day 396 with a 53% drop, nearing average cycle lows since 2014.

Market News
06 Nov 2026, 10:43 WIB
Tokenpost
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Neutral
Bitcoin's bear market hits day 396 with a 53% drop, nearing average cycle lows since 2014.

Bitcoin's current bear market reached 396 days as of November 5, with a drawdown of about 53%. This duration is close to the average 391 days seen in previous cycles since 2014, where declines ranged from 77% to 86%. The founder of CryptoBoost noted that increased participation from spot Bitcoin ETFs and institutional investors may have helped limit the current decline. However, the bear market is not confirmed over until Bitcoin can sustain prices above $80,000 to $82,000, signaling a clearer trend reversal.

The CryptoBoost founder's note on Bitcoin's bear market duration provides context for Pluang's cryptocurrency market snapshot as of Nov 06, 2026 15:01 WIB: out of 50 major cryptocurrencies, only 4 rose while 45 fell. Among notable movers, Stellar (XLM) dropped 8.74% to Rp2.758 with a typical hold time of 85 days and a nearly balanced sell/buy order split, Theta Network (THETA) fell 8.65% to Rp2.618 with a 78-day hold time, and Ethereum (ETH) declined 8.30% to Rp40.195.426 with a strong sell bias of 82% and a hold time of 108 days.

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