coin-img-ETHETH-1.86%coin-img-BTCBTC-1.50%coin-img-SOLSOL-2.25%coin-img-XRPXRP-3.94%coin-img-ULTIMAULTIMA+1.10%coin-img-USDCUSDC-0.01%coin-img-DOGEDOGE-2.59%coin-img-TONCOINTONCOIN-2.72%coin-img-ETHETH-1.86%coin-img-BTCBTC-1.50%coin-img-SOLSOL-2.25%coin-img-XRPXRP-3.94%coin-img-ULTIMAULTIMA+1.10%coin-img-USDCUSDC-0.01%coin-img-DOGEDOGE-2.59%coin-img-TONCOINTONCOIN-2.72%coin-img-ETHETH-1.86%coin-img-BTCBTC-1.50%coin-img-SOLSOL-2.25%coin-img-XRPXRP-3.94%coin-img-ULTIMAULTIMA+1.10%coin-img-USDCUSDC-0.01%coin-img-DOGEDOGE-2.59%coin-img-TONCOINTONCOIN-2.72%coin-img-ETHETH-1.86%coin-img-BTCBTC-1.50%coin-img-SOLSOL-2.25%coin-img-XRPXRP-3.94%coin-img-ULTIMAULTIMA+1.10%coin-img-USDCUSDC-0.01%coin-img-DOGEDOGE-2.59%coin-img-TONCOINTONCOIN-2.72%
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Keshav Verma

Bitcoin Bull-Bear Cycle Indicator Sinks To Lowest Reading Since 2022 FTX Market Bottom

On-chain data indicates the CryptoQuant Bitcoin Bull-Bear Market Cycle Indicator has fallen sharply into bearish territory, reaching levels last seen at the 2022 market bottom after the FTX collapse. The gauge, derived from the P&L Index and its 365-day moving average and incorporating MVRV, NUPL, and LTH/STH SOPR, suggests the market is approaching an extreme bear phase that has often coincided with cycle lows. Bitcoin is trading around $68,000, about 4% lower over the past week, as this indicator continues to trend deeper below zero.
BTC
BTC-1.47%
FTT
FTT-7.04%
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