$BTC enters the Extreme Bear zone again — capitulation or quiet opportunity?

The Bull–Bear Cycle indicator is at levels that historically marked late-stage capitulation, not the start of new crashes (seen near 2020 & 2022 bottoms). The 30D MA is deeply below the 365D MA, volatility is expanding, and the oscillator is heavily oversold — signs of forced selling, not healthy distribution.
If the indicator starts reclaiming the Bear zone toward neutral, that’s typically the first signal of early bull structure forming.
Extreme fear doesn’t last. The cycle looks like it’s resetting.