INSIGHT: CryptoQuant's 365-day PnL Index Signal keeps falling, pointing to more upside left in this $BTC cycle

AI Market Summary

CryptoQuant's 365-day PnL Index Signal trending lower implies long-term profitability metrics are not yet consistent with late-cycle peak conditions for BTC. For macro and cross-asset allocators, this frames current positioning as still within an ongoing cycle rather than a confirmed topping phase. Near term, it may temper peak-cycle narratives and influence risk appetite and leverage behavior in crypto markets.

Impact level

● Medium

Affected assets

BTC/USDT-0.46%

AI Insight · BTC/USDTAI Insight

● Neutral

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INSIGHT: CryptoQuant's 365-day PnL Index Signal continues to decline, indicating the current $BTC cycle may not have topped out yet.

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