Willy Woo Warns Bitcoin Is in Mid-Bear Market as Bull Trap Looms

Bitcoin’s price cycle is often assessed through onchain capital flows. Onchain analyst Willy Woo said long-term investor capital has yet to show a clear return, indicating that market confidence and buying support remain insufficient. The current price range may therefore not mark the bottom of this downturn, leaving the outlook highly uncertain.

Woo’s latest assessment is that Bitcoin has entered the middle phase of a bear market. He warned that a short-term rebound could form a “bull trap,” in which a false breakout is followed by another decline. Bitcoin remains at risk of falling further before long-term capital returns, he said. The reports provided no specific price or amount and did not state when the assessment was published.