Merlin Layer 2's dominance in the realm of sidechains with a substantial total value locked (TVL) of $1.20 billion signifies a notable preference for scalability solutions within the crypto space. Despite the uncertainties in the market, projects like MAP Protocol continue to captivate investors with a TVL of $122 million. Meanwhile, individual cryptocurrencies such as Stacks and Core witness fluctuating price dynamics amidst the overarching market turbulence.

In the prevailing bear market scenario, investors are strategically leveraging the opportunity to amass Bitcoin at discounted rates, envisioning profitable outcomes during market recoveries. According to analysis by Crypto Rover, Bitcoin's upward trajectory persists, with traders setting ambitious price targets ranging between $100,000 and $150,000 per coin.

Additionally, data from CryptoRank underscores Merlin Layer 2's dominance in sidechains, backed by a $1.20 billion TVL, underscoring the increasing inclination towards layer 2 solutions for blockchain scalability. Bitlayer Labs follows closely with a TVL of $299 million, solidifying its presence in the evolving cryptocurrency domain. Stacks and Rootstock Infrastructure Framework, with respective TVLs of $255 million and $242 million, enrich the sidechain ecosystem by offering distinctive value propositions to investors and developers.

Dive deeper into Cryptotale's detailed examination for a thorough understanding of the resilience showcased by Bitcoin sidechains amidst bearish market conditions.