Bitcoin Could Be in the Later Stages of the Bear Market, On-Chain Data Suggests
Some analysts say that while overall market sentiment cannot be called bullish just yet, the recent price and on-chain data suggest that bitcoin could be in the later stages of a bear market.
Below is an instruction that describes a task. Write a response that appropriately completes the request.

### Instruction: Bitcoin Could Be in the Later Stages of the Bear Market, On-Chain Data Suggests

### Response: Some analysts say that while overall market sentiment cannot be called bullish just yet, the recent price and on-chain data suggest that bitcoin could be in the later stages of a bear market.