CryptoQuant's Analyst Consensus Index fell from -1.0σ to -1.8σ in seven days, entering the clearly bearish range defined by the index.
During the same period, Bitcoin's price retreated to around $73,000. Of the 149 analysts with a clear stance over the past seven days, 88 were bullish and 59 bearish, putting the bullish share at about 62%. The absolute level still leans slightly bullish, but it has fallen sharply from recent norms. The index aggregates views from platforms such as X, Seeking Alpha, and Substack, giving each analyst one vote, then compares the result with the norm over the past 90 days. Readings at or below -1.5σ are classified as clearly bearish.
· This is a cooling relative to recent norms, not a complete reversal between bulls and bears
· According to CryptoQuant, ETF outflows, inflation concerns, and weakness in the Nasdaq are weighing on sentiment
Would you watch for the index to rise back above -1.5σ first, or for the bullish share to fall below half?
$BTC
During the same period, Bitcoin's price retreated to around $73,000. Of the 149 analysts with a clear stance over the past seven days, 88 were bullish and 59 bearish, putting the bullish share at about 62%. The absolute level still leans slightly bullish, but it has fallen sharply from recent norms. The index aggregates views from platforms such as X, Seeking Alpha, and Substack, giving each analyst one vote, then compares the result with the norm over the past 90 days. Readings at or below -1.5σ are classified as clearly bearish.
· This is a cooling relative to recent norms, not a complete reversal between bulls and bears
· According to CryptoQuant, ETF outflows, inflation concerns, and weakness in the Nasdaq are weighing on sentiment
Would you watch for the index to rise back above -1.5σ first, or for the bullish share to fall below half?
$BTC
