Bitcoin value stunned the crypto neighborhood final week by breaking by way of resistance close to $94,000. This begs the query of whether or not that is only a bear market rally or if the bull market is again on observe. Here is what CryptoQuant, which beforehand declared a bear market, has to say concerning the current rise in Bitcoin costs:
BTC nonetheless in bear market regardless of enhancing scenario: CryptoQuant
On Friday, January sixteenth, blockchain analytics agency CryptoQuant revealed in its newest report that the demand scenario for Bitcoin is turning into much less unfavorable following its current rally above $97,000. This on-chain statement got here weeks after the corporate introduced that BTC’s obvious demand (on the time) was indicative of the start of a bear market.
Affirmation of the bear market got here after Bitcoin value fell beneath its 365-day transferring common, a stage that has traditionally decided bull and bear phases. Nevertheless, this all-time excessive cryptocurrency has been on an upward trajectory since falling beneath this stage, gaining about 21% since late November 2025.
Supply: CryptoQuant
CryptoQuant famous in a analysis report that though BTX value is approaching the 365-day transferring common, it has not but recovered the technical stage at present situated at round $101,000. Moreover, the talked about evaluation agency acts as a “regime boundary” throughout bear markets, inflicting value rejection earlier than falling once more, as seen in previous cycles.
Along with technical hurdles, CryptoQuant famous that whereas Bitcoin demand circumstances have “marginally” improved, they nonetheless point out market weak spot. “Whereas US spot indicators equivalent to Coinbase Premium briefly turned optimistic, US ETFs solely quickly suspended internet promoting after offloading roughly 54,000 BTC in November and didn’t present sustained accumulation,” the corporate added.
CryptoQuant additionally highlighted that on-chain spot demand continues to say no, with obvious demand lowering by roughly 67,000 BTC over the previous 30 days. In the meantime, inflows into Bitcoin spot ETFs have typically remained beneath ranges which are typically correlated with a sustained bullish restoration out there.
On the similar time, growing inflows to BTC exchanges doesn’t unfold optimism, however moderately will increase draw back threat. Transfers to centralized exchanges rose to a seven-day common of round 39,000 BTC, the very best stage since late November, in keeping with CryptoQuant information. The corporate says this can be a clear signal of accelerating sell-side strain after the bailout rebound.
This reveals that though market circumstances have improved considerably in favor of the value, Bitcoin nonetheless seems to be in a bear cycle that began lower than two months in the past.
Bitcoin value overview
As of this writing, the value of BTC is round $95,200 with no important motion up to now 24 hours.
The worth of BTC on the day by day timeframe | Supply: BTCUSDT chart on TradingView
Featured picture from iStock, chart from TradingView
