CryptoQuant Calls for Patience Amid Bitcoin Pullback
After several rebound attempts, bitcoin’s momentum remains fragile. In this sense, CryptoQuant invites crypto investors to keep their composure. According to its data, the bottom point of the current cycle may not have been reached yet.
In brief
- CryptoQuant estimates that bitcoin has not reached its bottom.
- Onchain indicators signal patience amid the bear market.
Bitcoin under pressure: onchain indicators worry
According to CryptoQuant, bitcoin is evolving in a climate of persistent volatility. Its analysis highlights several concerning signals, including the MVRV ratio which does not yet show a typical final capitulation pattern.
Added to this are other factors that limit bitcoin’s ability to trigger a true bullish cycle :
- still high flows to crypto exchanges;
- active selling pressure ;
- BTC miners persist in adjusting their positions…
That’s not all ! Market sentiment also remains hesitant. Proof of this: long-term holders do not show massive panic. Nevertheless, accumulation remains moderate.
CryptoQuant therefore reminds that previous bear market lows often coincided with more extreme onchain signals.
Bitcoin: strategic patience amid the bear market
In its report, CryptoQuant emphasizes that the lack of marked capitulation can prolong the corrective phase. According to it, onchain data therefore suggests a transition rather than a clear reversal.
Bitcoin has already gone through similar cycles. Historically, a true bottom occurs when market sentiment reaches extreme pessimism. However, this threshold does not yet seem to be reached. The fact is that the MVRV ratio remains above levels observed during previous lows.
CryptoQuant’s analysis therefore insists on risk management. Patience could offer a better accumulation point as long as bitcoin maintains an intact structure in the long term (despite the current weakness).
One thing is for sure : bitcoin remains a cyclical asset. While caution dominates today, a reversal could emerge when indicators finally converge. The coming weeks will be decisive for the trajectory of the crypto market.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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