Bitcoin is in a late-bear “Depression” phase, Quinten Francois says, with the token trading about 50% below its 2025 peak of $126,000. Sentiment remains weak, w

Bitcoin is in a late-bear “Depression” phase, Quinten Francois says, with the token trading about 50% below its 2025 peak of $126,000. Sentiment remains weak, with the Fear & Greed Index in the mid-30s and volumes subdued as exhaustion signs emerge.