TechFlame News - According to market sources, an analytical model released by CryptoQuant analyst Darkfost shows that an indicator based on Bitcoin's four-year simple moving average (SMA) has entered bear market territory. This indicator measures Bitcoin's valuation status through standard deviation and SMA multiples: the higher the multiple, the deeper the overbought condition, while prices closer to the four-year SMA indicate lower valuations. Currently, Bitcoin's price has retreated into the green zone and is approaching the four-year SMA level, which is currently around $57,500. Historically, this level typically marks the final stage of each bear market, with BTC prices often consolidating in this area for several months. Darkfost mentioned that he usually does not prefer models based on moving averages but believes this indicator is worth watching.