Following CryptoQuant's CEO statement about the start of a bear market, Bitcoin's rate fell below $82,000. Analysts discuss what this could mean for the crypto market.
CryptoQuant's Warning and Market Sentiment
Just a week ago, Ki Young Ju, CEO of CryptoQuant, was optimistic about a market uptrend. However, his recent statement on the official start of a bear market has startled investors. With liquidity tightening and global economic tensions, the risk appetite is dwindling. Economist Şant Manukyan also pointed out a potential bear market in traditional equities, which could increase the pressure on the crypto market.
Key Indicators Pointing to Market Shift
Respected analyst Ali Charts believes Bitcoin is exhibiting a macro trend shift. Exchange flow metrics point to a continued corrective phase while the MVRV ratio indicates mounting selling pressure. Market cycle indicators reveal early signs of a bear phase. In addition, large investors and miners are continuing to sell their assets. The sharp drop in capital inflows further underscores this trend.
Where Is the Next Major Support?
If Bitcoin is indeed entering a prolonged bear market, Ali Charts predicts the next critical support zone will be between $66,000 and $69,000. If selling pressure intensifies, BTC could retest this range before any meaningful recovery.
The market's future remains uncertain: whether this is a temporary downturn or the start of a deeper bear phase, investor sentiment is clearly shifting, and caution is advised.
