Bitcoin (BTC) Price Analysis: K33 Research Warns of Potential Bear Market Bottom Echoing Late 2022

Analysts at K33 Research have published a new report suggesting that the current Bitcoin (BTC) market structure shows concerning similarities to the period leading into the late 2022 bear market bottom. The report highlights key on-chain metrics and derivatives data that mirror conditions seen before the significant capitulation event in November 2022. According to K33, this pattern indicates a phase of persistent selling pressure and low investor enthusiasm, which historically precedes major market lows. While not a definitive prediction, the analysis serves as a cautionary signal for crypto traders and long-term Bitcoin holders. The firm emphasizes monitoring futures premiums and ETF flow data for signs of a trend reversal or confirmation of further downside.