Bitcoin News
By Sakamoto Nashi
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From -1.244 to Positive Territory. The low point was ugly. February 5 was Bitcoin's worst day of the cycle — BTC/USD dropped to…
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Not Everyone's Convinced. But not everyone's buying it. Not yet.
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August Close Is the Next Test. So the August monthly close becomes the near-term focal point.
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Bitcoin's bear market is done. That's the call from CryptoQuant CEO Ki Young Ju, and he's got the numbers to back it up.
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CryptoQuant's Bull/Bear Market Cycle Indicator just flipped positive for the first time since early October 2025. The reading came in at 0.
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The indicator itself is built on the Profit and Loss Index, which pulls together several on-chain profitability metrics.
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The low point was ugly. February 5 was Bitcoin's worst day of the cycle — BTC/USD dropped to $60,000 and the Bull/Bear Indicator hit -1.244. That's deep bear country.
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The climb back from -1.244 to +0.042 took roughly six months. Slow, grinding, not pretty. But it got there.
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CryptoQuant's model has a decent track record on this kind of call. The indicator correctly flagged the end of the previous bear market in early 2023, which turned out to be one…
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Other metrics are also pointing up. The relative strength index, the RSI, has been showing signs of bullish recovery alongside the P&L-based indicator.
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Trader Rekt Capital is focused on something more immediate: the August monthly close. The argument is that Bitcoin has been trading under a downward resistance trend line that's…
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Read also: Traders Eye Key Technical Levels for Bitcoin and Ethereum This Weekend
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That's a real concern. Monthly closes carry weight in technical analysis because they filter out the short-term noise.
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There's also the demand question. Some market participants think Bitcoin's upward move could stall if demand doesn't keep pace.
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The market is basically split right now. One camp looks at the Bull/Bear Indicator flipping positive, the RSI recovery, and Ki Young Ju's call, and says the macro bottom is in.
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