High
Cryptoquant's head of research, julio moreno, indicates a prolonged bear market for bitcoin, citing extreme weakness across demand and liquidity indicators. this includes a 'bull score index' near zero, continued net selling by us spot bitcoin etfs, a negative coinbase premium, stalled stablecoin liquidity growth, and declining long leverage appetite. further price downside is anticipated.
High
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Bearish
Moreno's analysis firmly places bitcoin 'well in bear market,' with data not supporting any meaningful reversal. key indicators such as the bull score index (at 0-10), net selling from etfs (10,000 btc sold in jan), negative coinbase premium, and stalled usdt market cap growth all signal continued weakness. he identifies potential support levels at $70,000 and $56,000, with $89,000 and $79,000 as overhead resistance.