CryptoQuant: Bitcoin Bear Market Shows Sharper Negative Momentum — 23% Drop vs 6% in 2022
Blockchain analytics firm CryptoQuant reports that the current Bitcoin bear market (2024–2025) exhibits significantly stronger negative momentum than the early 2022 correction. Using the 365-day moving average as a long-term trend benchmark, CryptoQuant notes BTC fell below that average in November 2024 and subsequently declined 23% over the next 83 days — versus a 6% drop in the comparable 2022 period. The firm interprets the faster, steeper decline as evidence of accelerated selling pressure and deterioration in market structure. CryptoQuant highlights the $60,000–$70,000 band as a likely retest/support zone. The analysis cites differing drivers between cycles: 2022’s sell-off was driven largely by crypto-native collapses (e.g., Terra, CeFi failures), while the 2024–2025 downturn appears tied to macro uncertainty, regulatory shifts, and institutional rebalancing. Traders should note key on-chain indicators that often confirm bearish momentum — exchange inflows, MVRV, and long-term holder spending — and use these signals for risk management. The report is positioned as a momentum snapshot, not a long-term price prediction; past bear markets ultimately transitioned to accumulation and new bull runs, but short-term volatility and deeper corrections, especially across altcoins, are probable if BTC tests lower support.
Bearish
CryptoQuant’s measured comparison — a 23% decline versus 6% in the same post-365-day-MA window in 2022 — signals materially stronger downward momentum. Faster declines after losing a long-term moving average typically reflect intensified selling pressure, lower investor conviction, and a higher likelihood of testing deeper technical support. The identified $60k–$70k band is a key technical target; if it fails, further price discovery lower is possible. Historically, steep bear phases compress risk-on activity: altcoins suffer amplified drawdowns, miner revenues and hash rate can be stressed, and institutional flows often retreat or rebalance defensively. For traders, expect elevated volatility, heavier selling on rallies, and increased sensitivity to macro/regulatory headlines. Short-term implications are negative (greater downside risk, tighter stops, cautious position sizing). Long-term implications are mixed: past bear markets ultimately ended in accumulation and resumed uptrends, so opportunistic accumulation at proven support remains a strategy for longer-horizon traders, while short-term traders should prioritize risk management and watch on-chain confirmation signals (exchange flows, MVRV, long-term holder behavior) before increasing exposure.