Bitcoin Enters 2022-Style Bear Phase as CryptoQuant Flags Rising Losses

Bitcoin ($BTC) is witnessing a wider market shift as investors are experiencing huge losses. Specifically, the signals of the significant bear market of 2022 are potentially returning. As per the data from CryptoQuant, Bitcoin ($BTC) holders have incurred realized losses of almost 69,000 $BTC since December 2025. Hence, equaling $6.1B, this marks the initial instance since October 2023.

⚠️THE 2022 BEAR MARKET SIGNAL JUST RETURNED!

CryptoQuant data shows BTC investors are losing money for the first time since Oct 2023.

1️⃣ Since December, holders have realized 69K $BTC in losses, worth $6.1B.

2️⃣ Realized profits peaked in Jan 2024→ lower highs in Dec→ faded… pic.twitter.com/xhN6tJdHbm

— Coin Bureau (@coinbureau) January 25, 2026

Bitcoin Realized Profits Dip Amid Building Bearish Momentum

The exclusive market data points out that the Bitcoin ($BTC) market is drifting toward bearish momentum. Back in January 2024, realized profits hit a peak at 1.2B $BTC ahead of a gradual decline. Subsequently, by October that year, profits had plunged to 1.1M $BTC, leading to further weakness during 2025. Thus, by July 2025, the realized profits reached the 517,000 $BTC mark. As a result, in October 2025, the profits decreased to just 331,000 $BTC.

Following that, in line with the latest data, in December last year, investors saw only 69,000 $BTC in realized losses. This underscores the diminishing profitability of those holding Bitcoin ($BTC). Additionally, the respective pattern shows a striking resemblance to 2021’s market cycle. At that time, profits touched a peak in January after lower highs, paving the way for lower highs during the entire year, ultimately resulting in heavy losses during 2022.

Analysts Caution Potential Start of Next Prolonged Bearish Phase

According to CryptoQuant’s data, the current market scenario displays significant similarities to 2022’s bear market. The profit peak occurred at the start of 2024, and the following period experienced a gradual decline. The respective cyclical repetition triggers alarm that the leading cryptocurrency may be moving toward another prolonged bearish phase. Keeping this in view, the market onlookers raise caution that the market may have already entered the bearish cycle’s early phases.