CryptoQuant CEO: Bitcoin has entered a gradual bull market, $10K crash unlikely
- —Net demand across spot and perpetuals has been positive since Aug. 20, the first time since the October 2025 peak
- —Bitcoin's realized price is about $54,000 versus roughly $80,000 spot, and MVRV has not fallen below 1
- —Long-term holders sold about 1.24 million BTC to ETFs and Strategy, and that distribution is now complete
- —An inflow of $1–2 trillion could drive a 3–5x gain instead of the 10x seen in past cycles
Why it matters: CryptoQuant's shift from bearish to bullish signals the end of the distribution phase and a lower risk of a deep correction.
Source: TokenPost