CryptoQuant suggests that Bitcoin may have entered a bear market, or at least a phase of significant market weakness.
Several key on-chain indicators have turned negative, signaling declining momentum and increasing selling pressure.
Data shows weakening market liquidity, with reduced inflows of new capital into Bitcoin compared to earlier periods.
CryptoQuant warns that Bitcoin’s price could continue to fall, potentially retesting the $70,000 level or lower if the downtrend persists.
However, the firm notes this may also represent a deep correction within a broader market cycle, rather than a prolonged bear market like in previous cycles.
