CryptoQuant reports that Bitcoin bull-market indicators have shifted to a predominantly bearish outlook despite Bitcoin recording a small recovery to $116,000 last Friday.
CryptoQuant Bull Score Index Indicators: Eight of 10 flashing indicators show a bearish outlook for 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” The following are some examples of how to get started: “Technical signal.”
Bitcoin demand is an indicator of the amount of demand for this asset in the market. It has been positive since July while the “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 a score that measures BTC’s price in relation to 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. Eight out of 10 of these indicators were green in July when BTC reached its first high of the year, $122,800.
Bull market not at peak yet
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 currently at stage 3. The CBBI analyzes nine metrics and determines the current state of bull markets. registering Nearly three quarters of the way into the bull-market.
Only one bull market peak has been recorded in the CoinGlass Bull Market. indicators This is the Altcoin Season Index.
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 told Cointelegraph that she is head of research at SignalPlus – a provider of crypto trading software.
She also noted that there has been a slowdown in net purchasing momentum, due to the fact that digital asset Treasury buying is down substantially. Centralized exchanges are reporting lower levels of on-ramping new capital. “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.”
Some attribute it to the highly anticipated September correction Predictions of an extended 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 it did in the past. cycles.
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Source: cointelegraph.com
