Is Bitcoin Entering a Bear Market After the Slide to $8,000?

The hosts of the Ledger Cast podcast, Brian Krogsgard and Josh Olszewicz, took on a question many bitcoin holders are asking after the latest sell-off: has the market moved into a bear market? Their discussion centers on the drop from roughly $10,000 to $8,000.

Rather than relying on the price alone, the pair examine the chart and other indicators, with mining getting particular attention. Mining data is often read as a gauge of network health and miner confidence, which can tell a different story from short-term trading moves.

The episode also points to a related report that frames the decline as following an underwhelming launch of Bakkt, the regulated platform for bitcoin futures and custody. The show presents that link as a claim being reported, not a settled cause.

The episode is framed as education rather than investment advice. The hosts do not appear to deliver a single verdict in the episode summary, so listeners who want the conclusion will need to listen to the full discussion and do their own research before making any decisions.