Bitcoin Bull-Bear Cycle Indicator Turns Green for First Time Since 2023

CryptoQuant's Bitcoin bull-bear cycle indicator has turned green for the first time since March 2023, according to on-chain market analyst Julio Moreno. The shift suggests that the market structure may be beginning to recover from the prolonged bear phase.

The indicator, which tracks on-chain metrics to classify market phases, moved out of bear territory and into the early bull zone. Historically, such a transition has been an important regime-change signal, often indicating that the worst of the correction has passed. Mati Greenspan, founder of Quantum Economics, noted that this indicator is a regime-shift signal rather than a crystal ball, but it provides valuable context for traders assessing the macro trend.

For cryptocurrency traders, this signal could imply a shift in risk sentiment. A move into the early bull zone historically precedes sustained price appreciation, though it does not guarantee immediate gains. Traders may want to monitor Bitcoin's price action and on-chain data for confirmation. NowPrice's crypto page offers real-time pricing and volume data to help track these developments.

Looking ahead, traders should watch for further on-chain confirmation, such as increasing exchange outflows and rising active addresses. The next key levels for Bitcoin will be critical in determining whether this signal translates into a sustained uptrend. Macro factors, including Federal Reserve policy and global liquidity conditions, will also play a role in shaping the market's direction.