🚨 CryptoQuant says Bitcoin is in a bear market.
Julio Moreno, Head of Research at CryptoQuant, told BeInCrypto that "basically every on-chain metric or market metric confirms" Bitcoin is in the early stages of a bear market — with spot ETFs now net sellers since early November and institutional demand at its lowest in 8 months.
Moreno sees a possible bottom as low as $56,000.
Bitcoin trades near $75,901 after touching $74,781 — its lowest since August 21 — with $1.05B in crypto liquidations in the last 24 hours and the Fear & Greed Index at 25 (Extreme Fear).
#Bitcoin #BTC #CryptoQuant #BearMarket #CryptoNews #BitcoinNews #CryptoMarket #Zimbuck
Julio Moreno, Head of Research at CryptoQuant, told BeInCrypto that "basically every on-chain metric or market metric confirms" Bitcoin is in the early stages of a bear market — with spot ETFs now net sellers since early November and institutional demand at its lowest in 8 months.
Moreno sees a possible bottom as low as $56,000.
Bitcoin trades near $75,901 after touching $74,781 — its lowest since August 21 — with $1.05B in crypto liquidations in the last 24 hours and the Fear & Greed Index at 25 (Extreme Fear).
#Bitcoin #BTC #CryptoQuant #BearMarket #CryptoNews #BitcoinNews #CryptoMarket #Zimbuck
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