{"id":18626,"date":"2025-03-23T07:16:43","date_gmt":"2025-03-23T07:16:43","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=18626"},"modified":"2025-03-23T07:16:43","modified_gmt":"2025-03-23T07:16:43","slug":"bitcoins-bull-cycle-over-this-critical-metric-says-it-might-be","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=18626","title":{"rendered":"Bitcoin\u2019s Bull Cycle Over? This Critical Metric Says It Might Be"},"content":{"rendered":"
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Bitcoin\u2019s (BTC) prolonged downturn over the last two months has raised speculation about the end of the bull cycle and the onset of a bear market. While several market analysts continue to predict the cryptocurrency\u2019s short-term price trajectory, only on-chain data and metrics can paint a clear picture.<\/p>\n

A weekly report<\/a> from the market intelligence platform CryptoQuant says the Bitcoin Bull Score Model can tell if this drawdown is a temporary correction or the start of a prolonged downturn. Unfortunately, this metric does not paint a bullish scenario for BTC.<\/p>\n

The Bull Score Model<\/h2>\n

According to CryptoQuant, the Bull Score Model assesses the investment environment for BTC by evaluating nine on-chain indicators and one market metric. Each metric acts as a binary indicator of market conditions and is assigned a value of 1 (bullish) or 0 (bearish) based on rules that evaluate network activity, market liquidity, demand, and investor behavior.<\/p>\n

The metrics include the Market Value to Realized Value (MVRV) Ratio, the Bitcoin Profit and Loss Index, the Bull-Bear Market Cycle Indicator, and the Inter-Exchange Flow Pulse (IFP). The Bitcoin Bull Score Model also includes indicators like the CryptoQuant Network Activity Index, Stablecoin Liquidity, Bitcoin Demand Growth, Trader On-chain Profit Margin, Trader Realized Price, and Technical Signal.<\/p>\n

Currently, only two out of the ten metrics \u2013 Stablecoin Liquidity and Technical Signal \u2013 are flashing bullish signals, signifying<\/a> a predominantly bearish market. CryptoQuant said such conditions reveal a lack of strong fundamentals to support and sustain a price rally or recovery.<\/p>\n

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\u201cWe can observe that the metrics have switched between bullish and bearish phases multiple times, with extended periods of green indicating strong bullish cycles and prolonged stretches of red corresponding to market conditions. Recently, a significant number of metrics have turned red, particularly since mid-February 2025,\u201d the market analytics platform added.<\/p>\n<\/blockquote>\n

Bitcoin\u2019s Bull Cycle is Over<\/h2>\n

Some metrics, like the Network Activity Index, have been bearish since December 2024, signaling<\/a> a sustained reduction in network activity. Overall, these metrics are at their least bullish state since January 2023.<\/p>\n

The Bull Score Model measures the percentage of bullish metrics from 0 to 100, with the former being bearish and the latter being bullish. During past bull markets, BTC has experienced strong rallies with the Bull Score at 60 and above. However, whenever the Bull Score falls below 40, the cryptocurrency has witnessed prolonged downturns aligned with bear markets.<\/p>\n

Bitcoin\u2019s Bull Score is currently at 20 \u2013 its lowest level since January 2023 \u2013 signaling a weak investment environment and low chances of a sustained rally in the near term.<\/p>\n

The post Bitcoin\u2019s Bull Cycle Over? This Critical Metric Says It Might Be<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Bitcoin\u2019s (BTC) prolonged downturn over the last two months has raised speculation about the end of the bull cycle and the onset of a bear market. While several market analysts continue to predict the cryptocurrency\u2019s short-term price trajectory, only on-chain data and metrics can paint a clear picture. A weekly report from the market intelligence […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-18626","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/18626","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18626"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/18626\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18626"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18626"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18626"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}