The Bear Market Is Over

Nik Bhatia of The Bitcoin Layer stated that the bear market of 2026 has concluded following Bitcoin's surge to $87,000, which broke the previous post-bear-market high of $82,700. He highlighted a significant short squeeze that drove prices up by over $1,500 in approximately 100 seconds, noting that this former resistance level should now serve as support. The report also discusses the compression of Bitcoin's volatility due to financialization, the breakout in the Bitcoin-to-gold ratio, and positive trends in Johan Bergman's state grid.