CryptoQuant Signal Says Bitcoin Bear Market Has Not Cleared Yet

Bitcoin is still trading inside bear-market conditions under CryptoQuant’s Cycle Momentum signal, even after the indicator moved into a historically deep zone associated with previous cyclical support areas.

CryptoQuant flagged that Bitcoin Cycle Momentum has not moved above the neutral zone, leaving the model below the level normally needed to confirm a trend reversal. The post said the indicator had reached the -30 range, a level that has previously appeared near major BTC support zones.

The key quote from the update was direct: “Historically, this range has formed the main support levels for BTC. However, to confirm a trend reversal, the price must form a bullish pattern with the indicator breaking above the Neutral zone.”

BTC recently traded near $64,100, with the market still struggling to reclaim the $64,500 to $65,000 resistance band. That keeps the current setup close to the same bull-bear standoff seen earlier, when Bitcoin held near $64,000 after a roughly 50% drawdown from its previous peak.

Deep Momentum Zone Is Not A Reversal Signal

The -30 reading gives bulls a reason to watch for exhaustion, but it does not confirm that the bear phase is finished. CryptoQuant’s framing separates a bottoming area from a trend reversal: the former can mark where downside pressure starts to weaken, while the latter requires price structure and momentum to improve together.

That distinction is important because Bitcoin has already bounced from the $62,000 to $63,500 area without proving that buyers can hold higher levels. A reclaim of the $65,000 region would improve the short-term chart, but the Cycle Momentum signal still needs to break back above the neutral zone before CryptoQuant’s model would treat the broader trend as repaired.

The current range also sits between two competing onchain signals. Long-term holders continue to absorb supply, with 16.64 million BTC now sitting in the 155-day-plus cohort, while weaker ETF flows and low spot volume continue to pressure the demand side.

ETF And Spot Demand Still Weigh On Recovery

Bitcoin’s price has not collapsed through the latest support zone, but the recovery has also lacked the depth normally seen at stronger reversal points. Spot participation remains thin, and the regulated fund channel has weakened after U.S. spot Bitcoin ETFs posted a record $6.35 billion 30-day net outflow.

That leaves Bitcoin in a narrow confirmation window. Bulls can point to the deep Cycle Momentum reading, long-term holder accumulation and repeated defense of the low-$60,000 area. Bears can point to the neutral-zone failure, weak ETF flows and the lack of a clean breakout above near-term resistance.

The latest CryptoQuant reading keeps the status clear: Bitcoin is in a historically deep momentum zone, but the indicator has not crossed above neutral. Until that changes, the model treats the bear-market phase as active while BTC trades near $64,100.

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