CryptoQuant Declares Start of New Bitcoin Bull Market
- —CryptoQuant confirms bull market as BTC reclaims its 365-day moving average of $80,500
- —MVRV crossed its 365-day average, a signal that ended bear markets in 2018 and 2022
- —Trader profit-taking upper band sits at $90,300, matching on-chain supply cluster at $88,000–90,000
- —US spot Bitcoin ETFs drew $1.7 billion in net inflows over two days, including $999 million on Monday
Why it matters: The $88,000–90,000 zone is the next key test: a breakout opens further upside, while a pullback would be a pause, not a reversal.
Source: CryptoHamster