Wu Blockchain (@WuBlockchain): CryptoQuant said Bitcoin has not yet shown a “full capitulation” bottom, with several key onchain indicators still in a “bear phase” rather than the “…
Estimated coin impact
Scores are not price-change percentages. High impact means a score of +70 or more, or -70 or less.
- BTC-20Negative
CryptoQuant said Bitcoin has not yet shown a “full capitulation” bottom, with several key onchain indicators still in a “bear phase” rather than the “extreme bear phase” typically seen at historic cycle lows. CryptoQuant noted that while Bitcoin’s Feb. 5 sell-off saw about $5.4 billion in realized losses in a single day, monthly cumulative realized losses remain well below levels observed at prior bear-market bottoms. It added that its “ultimate bear-market bottom” is currently around $55,000, and that bottoms usually take months to form. https://x.com/TheBlock__/status/2022415183520432490?s=20