🚨 BITCOIN ALARM, CRYPTOQUANT CYCLE INDICATOR HITS LOWEST LEVEL
📉 CryptoQuant’s Bull-Bear Market Cycle Indicator has plunged deep into bearish territory, reaching levels not seen since the 2022 bear market bottom.
⚠️ The metric tracks Bitcoin’s market phase by comparing the P&L Index with its 365-day average, and a drop below zero typically signals a bearish regime shift.
🔍 Analysts note the indicator is currently in a clear bear phase, suggesting demand weakness and deteriorating on-chain momentum across the market.
🧠 Importantly, it has not yet entered the “extreme bear” zone that historically aligns with final capitulation and market bottoms.
📊 Historically, similar low readings have preceded prolonged downturns rather than immediate reversals, meaning recovery could take months instead of weeks.
🚨 Overall, the signal implies the cycle reset is still ongoing, and the market may need deeper consolidation before a sustainable bullish phase returns.