Bitcoin Onchain Signal Says Worst of Bear Market May Be Over
Analysis
Price Impact
MedOn-chain data suggesting the end of a bear market is a significant indicator, but it doesn't guarantee an immediate price reversal. it implies a potential shift in market sentiment, but external factors and broader market conditions still play a crucial role.
Trustworthiness
MedPrice Direction
BullishThe signal indicates that the bear market may be entering its final phase, with short-term holders' cost basis falling below long-term holders. this suggests that recent buyers have acquired bitcoin at lower prices, potentially positioning it for a recovery.
Time Effect
LongThis signal typically suggests a longer-term trend shift rather than an immediate short-term spike. the end of a bear market cycle often precedes a prolonged period of recovery and potential bull market.
Original Article:
Article Content:
Cover image via U.Today Bitcoin bear season nears end Bitcoin at bottom level? Advertisement As Bitcoin continues to show mixed price action, the leading crypto asset has just flashed a signal that has previously appeared near the end of bear markets. On Saturday, July 18, crypto analytics platform CryptoQuant shared onchain data suggesting that the current market downturn may be entering its final phase. Bitcoin bear season nears end The analyst shared charts revealing the cost basis of Bitcoin's short-term holder wallets that have held Bitcoin for less than six months and long-term holders, which have held the asset for more than six months. HOT Stories XRP's Price Health Is on the Line, Did Shiba Inu (SHIB) Finally Bottom? Ethereum's (ETH) Mini-Golden Cross: Crypto Market Review Early Uber Investor: Bitcoin Has Strategy Problem The analyst noted that coins that have remained untouched for over seven years are excluded from the LTH cost basis to better reflect active long-term investors. Advertisement You Might Also Like Sat, 07/18/2026 - 16:00 Is Satoshi Nakamoto Dead? Adam Back Weighs In on Bitcoin's Biggest Mystery By Tomiwabold Olajide With Bitcoin maintaining a consistent downward trajectory for the past nine months, the data shows that the short-term holder cost basis has now fallen below that of long-term holders. Apparently, such a market condition is widely considered as an "end-of-bear-market" signal, according to market analysts. Advertisement Bitcoin at bottom level? While traders are mostly curious about whether Bitcoin has reached its bottom yet, it is important to note that the crossover between the STH and LTH cost basis does not mean Bitcoin has already found its bottom or that a new bull market has begun. Rather, the onchain metric suggests that the market could be entering the final stage of the current bear cycle. Notably, Bitcoin's short-term holder cost basis has fallen from $112,500 to around $69,000. This implies that recent buyers have continued to buy Bitcoin at lower prices throughout the downturn, positioning the asset for a potential flip in market sentiment. #Bitcoin #Bitcoin Price Prediction