Bitcoin 2022 Bear Market Correlation Hits 98% As Etfs Add $220m

New research showed BTC price action on course to copy the 2022 bear market while risk-asset inflows showed signs of a bullish turnaround.

Bitcoin (BTC) is repeating its latest bull market bottom with near 100% correlation in 2025.

Bitcoin is tracking the 2022 bear market with concerning accuracy, with the end of the year just a month away.

November is among the worst on record for BTC price action.

Stocks inflows are picking up, and with them the return of institutional capital to crypto ETFs.

Grim new BTC price analysis from network economist Timothy Peterson concludes that this year is eerily similar to 2022.

Bitcoin has disappointed bulls with its 36% comedown from all-time highs — just when many believed that the bull market’s biggest gains were about to hit.

Now, as the last month of 2025 begins, BTC/USD is anything but bullish. According to Peterson’s data, the pair is even mimicking its last bear-market bottom.

“2H2025 Bitcoin is the same as 2H2022 Bitcoin,” he told followers in a post on X Saturday.

On a daily and monthly basis, the correlation between this year and 2022 is striking. Correlation on daily timeframes is now 80%, while the monthly equivalent has reached a full 98%.

Source: CoinTelegraph