Bitcoin Firmly in Bear Market Teritory

The last few days have been very eventful. Our car has been having some issues with what seems like transmission noise in the first gear, so I took it to the dealership as we still have an extended warranty until the end of next year or seventy one something thousand miles or which ever comes first.

Well, I have to say that it was an interesting experience. First of all my wife called to the dealership to setup a service appointment in front of me she set the appointment and the guy asked what it is for.

She explained that we have some noise when driving at low speed and that we got a letter from BMW saying that we have a recall on our starter. The guy kept insisting that we don't have a recall on our BMW. She said we have a letter and a notification in the app about this recall.

So about a week later I bring her vehicle to the dealership for the service appointment. The dude checking people in inside the garage checks my info and says we don't have an appointment. I said that we made it on the phone. He says to go inside and they will find it on the computer.

I go inside and another guy checks on the computer under both of our names and phone numbers and says that we don't have an appointment. I tell him that I heard my wife making this appointment last week and they finally agreed to take the car in for service.

He tells me to sign a paper for $285 per hour for diagnostics. I tell him that we bought an extended warranty at this BMW dealership and even had the starter replaced under warranty in this dealership. He searched on his computer and cannot find the warranty. I show him the paper copy of the warranty. He says OK please wait for the advisor.

About half an hour later a service advisor showed up. He took me to his desk where he searched for the warranty an has not found it. So I gave him the paper and he enters info into the computer.

I then went to work and they had the car all day. Naturally they had not looked at the transmission and told me that they found a stick stuck in the wheel that was supposedly making the noise. I was sure that wasn't it, but at least they did a recall on the starter. And they found a leak in one of the drive train seals which they repaired under the warranty.

At least I got some work done, will have to take the car into BMW Seattle again some time later. On the way to work I walked past hundreds of homeless people, it is really getting out of hand in Seattle.

Yesterday we had our son over and did a weight lifting workout together. It was also nice to catch up on all the latest news with him.

Today I drove my wife to the airport since she is going to Minneapolis for a business trip. The traffic was very light compared to the usual Seattle traffic, but we did get into stop and go traffic on the way to the airport and I got into more traffic on the way back home.

Bitcoin is now firmly in the bear market territory and seems to be making lower lows almost every day. It is sitting at around sixty three thousand right now and it is not surprising that people are calling for 58k bitcoin. There is only 5k to go which is less than ten percent off the current price.

All time high for Bitcoin was $126,210.50 on October 6, 2025. We are trading at half of that price right now. Traditional bear market is defined as a broad, sustained decline in stock prices, typically marked by a drop of 20% or more from recent highs in major market indices. We are definitely in the bear market for bitcoin by that definition.

For Bitcoin historically bear market resulted in a 70 to 85% drops. This time we have institutional adoption so the drop could be lower, but I would not be surprised to see a drop down to 65% off the highs. Which is another fifteen percent to go.

That seems very reasonable and I am looking to accumulate more Bitcoin at these levels. You never know where the bottom is going to be, but fifty percent off and lower seems to me like a good area to accumulate.

Only eleven hours left in Splinterlands Escalation presale. We still have not reached half of the packs sold, but I think that there will be more buys last minute as people push and shove for a position on the leader board.

SPS token is holding relatively well against Bitcoin today, but longer term it seems that it is yet to find the bottom:

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