CryptoQuant: bitcoin may enter a prolonged fall phase

Fears are growing in the crypto market about a possible prolonged decline in the price of bitcoin. This was stated by the CEO of the CryptoQuant analytical platform, Ki Yong Ju, noting that without the inflow of new macroeconomic liquidity, the industry may enter a deep correction phase. According to him, most online indicators are now signaling a bearish scenario.

The expert cited several key metrics that indicate market weakness: MVRV Z-score, a bull and bear cycle indicator, low network activity, and decreasing liquidity of stablecoins. Taken together, these data indicate a decline in demand for bitcoin and a reduction in the profitability of online traders. According to Joo, without active capital inflows, the market risks losing momentum, which could lead to a prolonged period of stagnation or decline.

At the time of publication, bitcoin was trading at $ 93,100, having added only 0.3% per day and 2% per week. Adam Chu, chief researcher at Greeks. live, confirmed in a commentary for Decrypt that the market remains vulnerable: participants remain bearish, and every attempt at growth faces resistance. At the same time, Ryan Lee, chief analyst at Bitget, sees a short-squeeze scenario as more likely, as institutional inflows remain stable and the regulatory environment shows positive signals.

Santiment’s research has shown that sentiment on social media platforms such as X, Reddit, Telegram, 4Chan, BitcoinTalk, and Farcaster continues to reflect the typical dynamics of fear and greed. Experts emphasize that a sharp predominance of negative comments often precedes a price increase, while excessive optimism among retail investors usually heralds a correction. Currently, according to Santiment, the increase in the price of bitcoin has again moved the market into a greedy phase, which may signal a short-term decline.

Analysts warn that any further weakening of liquidity or a sharp change in investor sentiment could quickly bring bitcoin back to lower levels. At the same time, some experts believe that even with temporary volatility, the fundamentals remain strong, and a deep decline is not yet a baseline scenario.