🚨🚨 BITCOIN BEAR 🐻 CYCLE RETURN LOOKS LESS LIKELY CRYPTOQUANT ANALYST $ONE
Bullish case (bear cycle may be ending):
· The share of Bitcoin transaction outputs (UTXOs) in loss fell from ~60% to ~27%, a drop that historically signaled the shift from bear to bull markets.
· CryptoQuant's Bull/Bear Market Cycle Indicator turned positive in August 2026 for the first time since October 2025.
Bearish caution (recovery not guaranteed):
· Bitcoin is stuck between $71,300 support** and **$79,800 resistance, where heavy break-even selling pressure could cap gains.
· Liquidity and demand concerns remain; on-chain signals alone don't ensure sustained upside.
· Earlier CryptoQuant analysis (May 2026) was more pessimistic, warning the bear phase could last into early 2027.
Bottom line: Improving on-chain profitability suggests the bear cycle looks less likely to persist, but key resistance and macro uncertainty mean the path higher isn't assured
Bullish case (bear cycle may be ending):
· The share of Bitcoin transaction outputs (UTXOs) in loss fell from ~60% to ~27%, a drop that historically signaled the shift from bear to bull markets.
· CryptoQuant's Bull/Bear Market Cycle Indicator turned positive in August 2026 for the first time since October 2025.
Bearish caution (recovery not guaranteed):
· Bitcoin is stuck between $71,300 support** and **$79,800 resistance, where heavy break-even selling pressure could cap gains.
· Liquidity and demand concerns remain; on-chain signals alone don't ensure sustained upside.
· Earlier CryptoQuant analysis (May 2026) was more pessimistic, warning the bear phase could last into early 2027.
Bottom line: Improving on-chain profitability suggests the bear cycle looks less likely to persist, but key resistance and macro uncertainty mean the path higher isn't assured
