Has a Bear Market Arrived? Cryptocurrency Analysis Platform CryptoQuant Evaluates the Latest Signals! Here Are the Details

CryptoQuant, a cryptocurrency analysis platform, has reported a significant slowdown in activity on the Bitcoin network, signaling a clear bearish market. On-chain data reveals that Bitcoin is still operating within a weak market structure.

The analysis highlighted that Bitcoin’s 30-day moving average has fallen 0.52% below its 365-day moving average. This indicates that the downtrend continues from a technical perspective.

While the number of transactions on the network decreased from approximately 460,000 to 438,000, daily transaction fees also fell from $233,000 to $230,000. The decline in the number of high-activity addresses from 43,300 to 41,500 highlights the weakening investor interest.

CryptoQuant analysts say these indicators reveal a decrease in speculative activity and a shift to a more defensive stance in the market.

While the current situation is similar to the bear market period of 2018, the larger user base today is noteworthy. According to the report, the number of active users, approximately 800,000, indicates stronger structural resilience compared to the around 600,000 in 2018.

Experts point out that in past cycles, such declines in activity have often been harbingers of periods of high volatility.

Therefore, it is emphasized that investors should closely monitor both on-chain data and macroeconomic developments in the coming period. It is stated that Bitcoin may struggle to find direction in the short term, but a possible increase in volume could reshape the market balance.

*This is not investment advice.