CryptoQuant Analyst: Extreme Selling Pressure Has Eased, Bitcoin May Enter Mid-Bear Market

By: rootdata|2026/03/08 08:43:39
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CryptoQuant analyst Axel posted on platform X, stating that btc-42">Bitcoin may have entered the mid-stage of the current bear market cycle. The NUPL--MVRV harmonic composite indicator has reached 0.33, while historical cycle bottoms typically occur around the -0.5 range. The chart shows that the bear market cycle is beginning to trend upwards, indicating that extreme sell-off conditions are becoming milder. However, the indicator is still well above the historical bottom region, meaning that a comprehensive market sell-off has not yet been confirmed.

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