CryptoQuant CEO Says Bitcoin's Bullish Trend Is Over
Date: 2025-03-18 Author: Henry Casey Categories: CRYPTO PAYMENTS
The expert noted that network metrics point to a bearish trend. He explained that new large investors are selling assets at lower prices, and the influx of fresh liquidity is drying up.
Some analysts disagree with this forecast. They note that there is a further decrease in leverage in the market. In the last three months, open interest in bitcoin futures on leading exchanges has been declining.
“Historically, such periods have provided good opportunities for short-term and medium-term strategies,” the experts emphasized.
UTXO data indicate an increase in the share of coins stored in wallets for three to six months. Analysts believe that this indicates continued accumulation, as happened during the correction in the summer of 2024.
“Such resilience of long-term holders has previously contributed to the formation of a bottom and subsequent growth. […] Judging by their behavior, the current phase is more reminiscent of a healthy correction, rather than the beginning of an extended bear market,” the report says.
Earlier, Ki Yong Joo suggested that Bitcoin could consolidate in the $75,000-$100,000 range for an extended period, as it did in 2024 before a new round of growth.
Matrixport believes that the current correction will end in March-April. Glassnode admits that the process of coin redistribution may take longer.
Earlier, Profitz Academy founder Merlein Enkelaar reported the emergence of a “bullish cross” in the stochastic RSI, a signal that has led to an average price increase of 50% in the past.
