In a recent update titled "Asia Morning Briefing," QCP Capital has highlighted that the Bitcoin (BTC) market is currently experiencing a phase that can be described as "extremely bearish." This suggests that investors are feeling pessimistic about the future price movements of Bitcoin, and there may be a significant amount of selling pressure in the market. As a result, traders and stakeholders should be cautious and consider the potential implications for their investment strategies in light of this bearish sentiment.
source: https://www.coindesk.com/markets/2025/11/07/btc-market-now-extremely-bearish-says-qcp-asia-morning-briefing