Cryptoquant Identifies Bitcoin Demand Exhaustion, Signals Bear Market Onset
- Cryptoquant researchers indicate that Bitcoin is entering a new market phase, suggesting a pivot rather than a pause.
- Onchain demand exhaustion is now signaling the early stages of a bear market for Bitcoin.
- The latest report from Cryptoquant highlights that Bitcoin’s demand growth is currently below trend.
According to recent analysis, Bitcoin’s market dynamics are shifting, as indicated by onchain data showing reduced demand growth. This suggests the cryptocurrency might be transitioning into a bear market phase.
Cryptoquant’s findings point to a significant change in Bitcoin’s cycle, with demand growth falling below expected levels, indicating potential bearish trends ahead. (Source)
