
Bitcoin Bull Indicators Turn Mostly Bearish as Momentum Slows: CryptoQuant
Summary
Despite a modest recovery in Bitcoin’s price to about $116,000, most of the bull‑market indicators from CryptoQuant have flipped bearish. Only two out of ten remain bullish, signalling a cooling in momentum. Cointelegraph
Main Points
CryptoQuant’s Bull Score Index, which aggregates ten different indicators of Bitcoin market strength, now shows 8 out of 10 indicators in the red. Cointelegraph
The two indicators still bullish are Bitcoin demand growth (bullish since July) and the technical signal (based on standard analysis metrics). Cointelegraph
Indicators now bearish include:
MVRV‑Z score
Profit and Loss Index
Bull‑Bear Cycle Indicator
Inter‑Exchange Flow Pulse
Network Activity Index
Stablecoin Liquidity
Trader On‑chain Profit Margin
Trader Realized Price Cointelegraph
The last time this many CryptoQuant indicators turned negative was in April, when Bitcoin dropped to around $75,000. Cointelegraph
In contrast, in July, when BTC made a high of about $122,800, eight out of ten indicators were green. Cointelegraph
Broader Context & Implications
BTC Price reclaimed $116,000, up ~1.5% over one day. Still, it remains about 6.8% below its all‑time high. Cointelegraph
Compared to other assets, Bitcoin is under‑performing. It’s lagging behind altcoins, stocks and spot gold. Cointelegraph
On‑ramp flows into exchanges and treasuries have weakened; there’s reduced momentum from new capital moving in. Cointelegraph
Some believe this is part of a seasonal correction, which might precede a more extended bull run. There are talkings of a possible top in Q4 2025 and possibly a blow‑off top around Q1 2026. Cointelegraph
Takeaway
While Bitcoin has shown some price strength lately, the underlying metrics suggest caution. Most of the indicators point toward cooling momentum, which could suggest limited upside near‑term unless some strong catalysts emerge. If you want, I can also put together a comparison of these indicators vs other past cycles to see how worrying this is.