Bitcoin Bull-Bear Indicator Turns Green โ First Time Since March 2023
Post:
CryptoQuant's Bull-Bear Market Cycle Indicator has officially flipped GREEN.
Last time this happened (March 2023): BTC went from $20,000 โ $73,000+.
Now the signal is back.
What flipped:
ยท MVRV Ratio
ยท NUPL (Net Unrealized Profit/Loss)
ยท LTH/STH SOPR
All three crossed above their 365-day moving average.
The bull case:
ยท April ETF inflows: $2.44B (strongest since Oct 2025)
ยท Arthur Hayes says bottom is in at $60k, eyes $90k โ $126k
ยท RHODL ratio at 4.5 โ seen only at 2015 and 2022 cycle bottoms
The caution:
Same indicator flashed green in March 2022 โ right before BTC extended its downtrend.
Exchange reserves are rising. $82k resistance remains stubborn.
Current price: ~$80,655 (-0.6% today)
The bottom line:
The indicator identifies regime shifts โ not precise entry points.
Break above $82,000 confirms the flip. Failure to hold? Could be a 2022 repeat.
All eyes on price action
#BullBearIndicator #CryptoQuant