Bitcoin Bull-Bear Cycle Indicator Drops To Deepest Level Since FTX Bottom
On-chain data shows CryptoQuant’s Bitcoin Bull-Bear Market Cycle Indicator has witnessed a deep plunge into the bearish territory recently. Bitcoin Bull-Bear Cycle Indicator Now Most Bearish Since 2022 Bottom In a new post on X, CryptoQuant community analyst Maartunn has talked about the latest trend in the CryptoQuant Bitcoin Bull-Bear Market Cycle Indicator. This metric tells us, as its name suggests, about the market phase that the cryptocurrency is currently inside. The indicator is based on another CryptoQuant metric called the P&L Index, which combines the data of key on-chain indicators to build a single valuation index for Bitcoin
BTC
USDT
Disclaimer: This content is provided via CryptoPanic and third-party sources. Tothemoon does not create, verify, or endorse this content and makes no guarantees as to its accuracy. The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. It is provided for informational purposes only and is not investment advice.
