According to the latest data published by Cryptoquant, Bitcoin 
$115,980.07 Most of the bull market indicators turned red. Analyst Maartun’s “Taurus Score Index” follows ten different metries on chain and market -based, and now only two indicators (demand increase and technical momentum) are located in a positive area. The other eight other indicators such as network activity, stablecoin liquidity, margin positions, realized price and MVRV-Z score give down the downward signal.
Does the bull market end?
Maartun, “Momentum clearly weakened,” he reminded that they saw a similar painting in April. At that time, Bitcoin declined to $ 76,000. When the BTC climbed for $ 122,800 in July, most of the same indicators were in green. This shows that the current technical appearance indicates a potential correction period.
Some investors attribute Bitcoin’s weak performance to the historically low -brought period of September. However, despite short -term pressures, the general cycle can prepare the ground for a longer -term bull market after corrections. Interest reduction expectations and strong entries for Spot Bitcoin ETFs may support the price if the demand remains constant.
However, analysts warn that volatility will remain high. Inflation data and global risk elements will determine market behavior. The behavior of long -term investors seems stable. Super -chain data show that investors with strong faith continue to accumulate during the decline and that the speculative capital is likely to recover if it returns.
Are technical data weaken?
Hundreds of millions of dollars of entrance to Bitcoin Spot ETFs recently pointed out that corporate investors have maintained the expectation of medium -term rise. However, the weakening of technical data shows that this interest may not have a direct positive effect on the price in the short term. For this reason, it is of great importance that investors create a strategy not only by looking at the ETF entrances, but also to the top of the chain metrics and macro -economic data.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
