In other words, Cryptoquant’s researchers contend the washout may not be complete.
The analytics firm’s valuation metrics reinforce that view. The MVRV ratio, a key fair-value gauge, remains outside the “extreme undervalued” zone historically associated with durable bottoms. Cryptoquant’s report adds that when MVRV does enter that zone, markets typically require four to five months of base-building before a sustained recovery begins.
Researchers also highlight the NUPL indicator, which measures unrealized profit and loss. Historically, the market strategists say, price bottoms form when holders face roughly 20% unrealized losses — a threshold not yet reached.
For traders hunting a dramatic “all clear” signal, the report’s message is less cinematic and more patient: Markets may still need time to finish the job.
FAQ What did Cryptoquant say about recent bitcoin losses?Cryptoquant reported $5.4 billion in daily realized losses but said cumulative data do not yet reflect full capitulation. Is bitcoin in an extreme bear phase according to Cryptoquant?No, Cryptoquant’s Bull- Bear Market Cycle Indicator remains in the Bear Phase, not Extreme Bear. What level does Cryptoquant identify as key support?Cryptoquant estimates bitcoin’s realized price near $55,000. How long do bear market bottoms usually take, per Cryptoquant?Cryptoquant says historical bottoms typically require several months of base formation.
