CryptoQuant Says Bitcoin Bear-Market Bottom Has Not Arrived
On-chain analytics firm CryptoQuant warns that the Bitcoin bear-market bottom has not yet been reached. The firm points to persistent on-chain indicators—such as continued outflows from exchanges, weak miner selling pressure, and stagnating long-term holder accumulation—that suggest downside risk remains. CryptoQuant highlights that key metrics have not aligned with historical bottom signatures, and cautions traders against assuming a confirmed market bottom despite recent price stabilisation. The report underscores the importance of monitoring exchange balances, miner reserve trends, and long-term holder behaviour as leading indicators. CryptoQuant’s warning may signal increased volatility and a continued risk-off environment until clearer accumulation and exchange flow patterns emerge.
Bearish
CryptoQuant’s assessment is selectively bearish because it asserts that on-chain signals typical of market lows are not yet present. Key indicators cited—exchange outflows, miner selling trends, and limited long-term holder accumulation—are practical predictors of continued downside or extended consolidation. For traders, the immediate implication is higher probability of further volatility and lower risk appetite: one should avoid assuming a durable long position until exchange balances stabilise and long-term holders resume steady accumulation. Historically, prior bear-market bottoms (e.g., 2018, 2022) saw clear reversals in exchange inflows/outflows and strong accumulation by long-term holders before sustained rallies. Short-term traders may profit from volatility with tight risk controls or tactical short positions; swing and position traders should wait for confirmation from declining exchange supplies, increased long-term holder accumulation, and easing miner selling before increasing exposure. Overall, the report raises the odds of continued downside or sideways action rather than an immediate bullish reversal.