Bitcoin Bear Market May Be Ending as CryptoQuant Indicator Flips Positive
CryptoQuant's Bull/Bear Market Cycle Indicator has returned to positive territory for the first time since early October 2025, according to CEO Ki Young Ju. This shift indicates that Bitcoin's bear market may be ending.
The indicator is based on CryptoQuant's P&L Index and its distance from a 365-day moving average, aggregating several profitability metrics. Past performance suggests the metric can help confirm major trend transitions.
Despite this positive signal, analysts continue to flag potential liquidity hurdles that could limit follow-through. Rekt Capital described the August monthly close as 'pivotal' for the fate of the recovery.
The next useful checkpoint is how Bitcoin behaves around levels highlighted by market commentary, particularly any confirmation after the close period referenced by Rekt Capital.