According to CryptoQuant, Bitcoin bull market indicators are now primarily bearish. This is despite Bitcoin’s slight rise to $116,000 on Friday.
CryptoQuant Bull Score Index Indicators: Eight of 10 flashes bearish on Bitcoin. “Momentum is clearly cooling,” CryptoQuant analyst JA Maartun said On Thursday,
Only two indicators are bullish in the bull score of Blockchain Analytics platform: “Bitcoin demand growth” You can also find out more about the following: “Technical signal.”
Bitcoin growth in demand measures the level of interest for an asset. The trend has been up since July. “technical signal” The graph tracks common indicators of technical analysis and metrics.
However, the rest — MVRV-Z score, profit and loss index, bull bear cycle indicator, inter exchange flow pulse, network activity index, stablecoin liquidity, trader onchain profit margin and trader realized price — are all in the red.
MVRV is the MVRV score, which represents the value of BTC compared with its actual value. The profit and loss indexes indicate how much supply is profitable, the cycle indicators reflect current sentiment and the exchange flow pulse shows how much the asset is moving to and away from the exchange.
In April of this year, Bitcoin fell by 80%.BTC) tanked to $75,000. BTC’s first year-end peak of $122,800 was reached in July with eight of ten indicators being green.
The bull market is not yet at its peak
CryptoQuant’s overall Bull Score Index — which measures all of the above indicators combined — has been oscillating between 20 and 30 this month as the correction continues.
CoinGlass Crypto Bitcoin Bull Run Index is a nine-metric index that analyzes the current bull market. registering Nearly three quarters of the way into the bull-market.
There is only one CoinGlass bull-market peak. indicators The altcoin index has appeared.
Related: Altseason index hits highest level this year: Here’s what traders think
Bitcoin is behind altcoins and stocks, as well as gold
This week crypto prices have been very stable. “but with BTC lagging noticeably both vs its peer group as well as vs equities and spot gold,” Augustine Fan is the head of insight at SignalPlus, a crypto trading software provider.
She said that the net-buying momentum had slowed, with digital assets treasury purchases falling substantially and centralized exchanges reporting lower levels of capital ramping. “with investors preferring to stay within the equity proxies.”
“The short-term picture looks a bit more challenging, and we would prefer a more defensive stance consistent with the tough seasonal story with risk assets in general.”
Many people attribute this to the anticipation of the event. September correction The extended lifespan of the planet is predicted bull market.
“Global Liquidity has recovered and is attempting to hit a new high,” observed Tony Edward is a crypto-podcaster who recently added to the list. “Feels like this bull market cycle is extending and we could potentially see a local top in Q4 and blowoff top in Q1 2026.”
BTC reclaims $116,000
Bitcoin made an early move on Friday. It surpassed $116,000, the highest level in 3 weeks after a daily increase of 1.5%.
This asset has corrected much more quickly than previous corrections. cycles.
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Source: cointelegraph.com
