{"id":68195,"date":"2026-01-17T23:01:33","date_gmt":"2026-01-17T23:01:33","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=68195"},"modified":"2026-01-17T23:01:33","modified_gmt":"2026-01-17T23:01:33","slug":"bitcoin-demand-is-picking-up-but-the-bear-market-still-holds","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=68195","title":{"rendered":"Bitcoin Demand Is Picking Up, But The Bear Market Still Holds"},"content":{"rendered":"
\n

The price of Bitcoin took the crypto community by surprise when it broke the resistance level around $94,000 over the past week. This has sparked questions on whether this was just a mere bear market rally or the bull run is back on track. Here\u2019s what CryptoQuant, which called the bear market<\/a> earlier, has to say about the latest Bitcoin price rally.<\/p>\n

BTC Still In Bear Market Despite Improving Conditions: CryptoQuant<\/b><\/h2>\n

On Friday, January 16, blockchain analytics firm CryptoQuant revealed<\/a> in its latest report that the Bitcoin demand conditions are becoming less negative following the recent rally above $97,000. This on-chain observation comes a few weeks after the firm said the BTC apparent demand \u2014 at the time \u2014 was pointing to the start of a bear market.<\/p>\n

The confirmation of the bear market came after the price of Bitcoin fell below the 365-day moving average \u2014 a level that has historically determined bull and bear phases. However, the premier cryptocurrency has been on an upward trajectory since breaking beneath this level, up by approximately 21% since late November 2025.<\/p>\n

\"Bitcoin\"<\/p>\n

In its research report, CryptoQuant noted that while the price of BTX is approaching the 365-day moving average, it has yet to reclaim the technical level, which currently lies around $101,000. The analytics firm further mentioned acts as a \u201cregime boundary\u201d during bear markets \u2014 as seen in past cycles, triggering price rejections before renewed downside.<\/p>\n

In addition to the technical hurdles, CryptoQuant noted that while the Bitcoin demand conditions have improved \u201cat the margin\u201d<\/a>, they still signal market weakness. \u201cUS spot indicators such as the Coinbase Premium briefly turned positive, while U.S. ETFs merely paused net selling after offloading ~54K BTC in November, rather than showing sustained accumulation,\u201d the firm added.<\/p>\n

CryptoQuant also highlighted that on-chain spot demand continues to decline, with apparent demand down by about 67,000 BTC over the past 30 days. Meanwhile, the Bitcoin spot exchange-traded fund inflows have broadly remained below levels often correlated with durable bullish market recoveries.<\/p>\n

At the same time, the rising BTC exchange inflows do not spread optimism but rather increase downside risk. Data from CryptoQuant shows that transfers to centralized exchanges climbed to a 7-day average of approximately 39,000 BTC, the highest level since late November. According to the firm, this is a tell-tale sign of increasing sell-side pressure after relief rallies<\/a>.<\/p>\n

Going by this, it appears that while the market conditions are somewhat improving favorably for price, Bitcoin is still in the bear cycle that started less than two months ago.<\/p>\n

Bitcoin Price At A Glance<\/b><\/h2>\n

As of this writing, the price of BTC stands at around $95,200, reflecting no significant movement in the past 24 hours.<\/p>\n

\"Bitcoin\"<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The price of Bitcoin took the crypto community by surprise when it broke the resistance level around $94,000 over the past week. This has sparked questions on whether this was just a mere bear market rally or the bull run is back on track. Here\u2019s what CryptoQuant, which called the bear market earlier, has to […]<\/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-68195","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\/68195","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=68195"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/68195\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=68195"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=68195"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=68195"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}