There are no longer talks of a prolonged Bitcoin bear market, and this seems to be a phase of rapid correction.

Have you heard of the Full Multiplier indicator? It’s a method of assessing where Bitcoin stands based on the actual profits of miners, and it’s really important when reading the price structure from the supply side. The fact that the current Full Multiplier is around 0.9 means it’s at a mid-point, not a peak or a trough. In other words, from the miners’ perspective, it’s not an extreme situation yet.