Bitcoin worth shocked the cryptocurrency group final week by breaking by means of a resistance stage round $94,000. This has raised questions on whether or not that is merely a bear market rally or whether or not the bulls are again on observe. Right here's what CryptoQuant, who beforehand referred to as it a bear market, needed to say in regards to the newest Bitcoin worth rally.
Regardless of enhancing situations, BTC stays in bear market: CryptoQuant
On Friday, January 16, blockchain analytics agency CryptoQuant acknowledged in a current report that Bitcoin demand situations have gotten much less adverse following the current rally above $97,000. These on-chain observations come weeks after the corporate stated that the obvious demand for BTC on the time was pointing to the beginning of a bear market.
Affirmation of a bear market got here after Bitcoin worth fell under its 365-day shifting common, a stage that traditionally determines bullish and bearish phases. Nevertheless, the highest cryptocurrency has been on an upward trajectory since late November 2025, when it rose about 21% earlier than falling under this stage.
Supply: CryptoQuant
CryptoQuant famous in a analysis report that BTX worth is approaching its 365-day shifting common however has but to get well the technical stage, which at the moment stands at round $101,000. Moreover, the evaluation agency talked about acts as a “regime watchdog” throughout bear markets, triggering worth rejections earlier than falling once more, as seen in previous cycles.
Along with the technical hurdles, CryptoQuant famous that whereas Bitcoin demand situations have improved “to some extent,” they nonetheless stay market bearish. “Whereas U.S. spot indicators similar to Coinbase Premium briefly turned constructive, U.S. ETFs solely paused their internet promoting after offloading roughly 54,000 BTC in November reasonably than displaying sustained accumulation,” the corporate added.
CryptoQuant additionally highlighted that on-chain spot demand continues to say no, with obvious demand falling by roughly 67,000 BTC within the final 30 days. In the meantime, Bitcoin spot exchange-traded fund inflows largely remained under ranges related to a sustained bull market restoration.
On the identical time, elevated BTC alternate inflows don’t unfold optimism, however reasonably improve draw back dangers. In line with information from CryptoQuant, transfers to centralized exchanges have elevated to a seven-day common of round 39,000 BTC, the best stage since late November. In line with the corporate, it is a clear signal of accelerating sell-side strain following the reduction rally.
this, it seems that market situations are enhancing considerably by way of worth, however Bitcoin nonetheless seems to be in a bearish cycle lower than two months after it started.
Bitcoin worth at a look
As of this writing, the BTC worth is round $95,200, with no vital motion over the previous 24 hours.
The worth of BTC on the day by day timeframe | Supply: BTCUSDT chart on TradingView
Featured picture from iStock, chart from TradingView
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