Bitcoin sentiment has fallen to a score of 20, a level not seen since mid-April 2025, sparking discussions about a potential market bottom. This decline in sentiment is reminiscent of the March-April 2025 period, where investors faced significant unrealized losses amid a bearish market environment. Key indicators such as the Crypto Fear & Greed Index and on-chain metrics like the Unrealized Profit/Loss Margin and Power Law model are under scrutiny for signs of either continued decline or possible recovery.