Cryptoquant CEO signals potential bear market cycle for Bitcoin
The CEO of Cryptoquant has indicated that most on-chain indicators for Bitcoin are bearish. A lack of macro liquidity is contributing to the onset of a bear market cycle, which could affect investment and mining activities.
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According to the CEO, current data suggests weakening network interest, often a precursor to a prolonged price decline. Without sufficient liquidity from major players, the Bitcoin market may face an extended period of stagnation.
Analysts advise investors to proceed cautiously and consider these signals when planning their strategies. Future developments will depend on changes in macroeconomic conditions and major market participants’ behavior.
