CryptoQuant's Cycle Momentum Indicator Signals End of Bear Market
A signal from analytics platform CryptoQuant has confirmed that the bear market may be coming to an end. The Bitcoin Cycle Momentum indicator, which historically marks the end of prolonged downturns, has entered positive bullish territory for the first time in eight months.
This is a significant development as it indicates that crypto market cycles are still working like clockwork, despite some skeptics claiming that institutional money had destroyed them.
The indicator has accurately predicted the end of bear markets before and its current signal suggests that Bitcoin's recent surge from $62,000 to $81,000 is just the beginning of a broader bullish trend.
Large investors are confident in an imminent rally as they have begun using their Bitcoin as collateral for loans. The volume of such loans has increased by 18% among large investors who are temporarily shifting part of their risk exposure into other digital assets.