{"id":6506,"date":"2026-02-10T09:51:56","date_gmt":"2026-02-10T09:51:56","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=6506"},"modified":"2026-02-10T09:51:56","modified_gmt":"2026-02-10T09:51:56","slug":"weakest-bear-case-in-history-analysts-proclaim","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=6506","title":{"rendered":"\u2018Weakest Bear Case in History,\u2019 Analysts Proclaim"},"content":{"rendered":"

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  • Bitcoin recovered to $70,800 after a brief dip to $68,000, fueling a rally in crypto stocks led by Bullish and Strategy.<\/span><\/li>\n
  • Bernstein analysts characterised the pullback as the \u201cweakest bear case\u201d in history due to the lack of structural failures or systemic blowups.<\/span><\/li>\n
  • Mining difficulty saw an 11.2% drop due to high costs, and miners have capitulated, a technical reset that historically indicates a market floor and easing sell pressure.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n

    Both crypto-linked stocks and Bitcoin (BTC) jumped on Monday during US trading hours, lifting sentiment after an earlier drop.\u00a0<\/p>\n

    For instance, Bullish (BLSH) led gains, up about 14.2%, followed by Galaxy Digital (GLXY) up 8.2% and Circle Financial (CRCL) up 5.1%. Strategy (MSTR) rose roughly 3% and Coinbase (COIN) about 1%.\u00a0<\/p>\n

    Related: Bitcoin Slump Hits Saylor\u2019s Strategy at the Worst Possible Moment<\/strong><\/p>\n

    Equities, Bitcoin Bounce Back<\/h2>\n

    The equity move followed a bounce in Bitcoin to around US$70,800 (AU$99K) after it fell to just above US$68K (AU$96K) earlier in the day. BTC was up about 0.5% over 24 hours, while Ethereum, XRP and Solana were up closer to 1.5%.<\/p>\n

    Analysts used the rebound to argue the broader bullish setup remains intact. Bernstein\u2019s Gautam Chhugani reiterated a US$150K (AU$211K) year-end BTC target and described the current drawdown as the \u201cweakest bear case\u201d the asset has faced, saying there has been no major structural break or blowup, just another confidence wobble.<\/p>\n

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    What we are experiencing is the weakest bitcoin bear case in its history. When all stars are aligned, the Bitcoin community manufactures a self-imposed crisis of confidence. Nothing blew up, no skeletons will unravel. The media is back again to write an obituary.<\/p>\n<\/div>\n

    \n Gautam Chhugani, Senior Analyst at Bernstein. <\/div>\n<\/div>\n

    On the technical side, Charles Schwab\u2019s Jim Ferraioli said miner behavior can help confirm when a selloff is washing out.\u00a0 He pointed to Bitcoin\u2019s cost of production as a rough floor in past declines, with weaker miners shutting down and network difficulty dropping.<\/p>\n

    BTC mining difficulty just posted its largest drop since 2021, suggesting at least some miners capitulated during the slide.<\/p>\n

    The rebound came as broader risk assets were mostly higher, with the Nasdaq up about 1% and the S&P 500 up about 0.5%. Gold rose 1.9% to US$5.075K (AU$7.1K) an ounce and silver gained 7.4% to US$82.50 (AU$115).<\/p>\n

    Read more: Bitcoin Rout Triggers After-Hours Bloodbath for Miners as IREN Misses Big<\/strong><\/p>\n<\/p><\/div>\n

    Bitcoin,Market Analysis#Weakest #Bear #Case #History #Analysts #Proclaim1770717116<\/p>\n","protected":false},"excerpt":{"rendered":"

    Bitcoin recovered to $70,800 after a brief dip to $68,000, fueling a rally in crypto stocks led by Bullish and Strategy. Bernstein analysts characterised the pullback as the \u201cweakest bear case\u201d in history due to the lack of structural failures or systemic blowups. Mining difficulty saw an 11.2% drop due to high costs, and miners<\/p>\n","protected":false},"author":1,"featured_media":6507,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[757,192,1224,2121,2368,2367],"class_list":{"0":"post-6506","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin","8":"tag-analysts","9":"tag-bear","10":"tag-case","11":"tag-history","12":"tag-proclaim","13":"tag-weakest"},"yoast_head":"\n\u2018Weakest Bear Case in History,\u2019 Analysts Proclaim - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=6506\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u2018Weakest Bear Case in History,\u2019 Analysts Proclaim\" \/>\n<meta property=\"og:description\" content=\"Bitcoin recovered to $70,800 after a brief dip to $68,000, fueling a rally in crypto stocks led by Bullish and Strategy. 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