CryptoQuant Analyst Says Bitcoin Market Is Entering Final Bear Phase

CryptoQuant analyst Darkfost said the market is entering the final stage of the bear phase. According to PANews, he said the Bitcoin bear market has lasted nine months and has put pressure on both short-term holders, defined as those holding for less than six months, and long-term holders, defined as those holding for more than six months. Darkfost said a bear-market-ending signal has just been triggered through a downward cross in the STH/LTH cost basis, which requires a three-day confirmation window to validate. He added that the signal does not mean the bear market will end immediately when it appears or when a bottom forms, but rather indicates that the market is moving into its final phase. He also said the signal reflects Bitcoin's cyclical nature, which is shown in investor behavior and choices across different cycles. Darkfost added that the influx of institutional investors does not appear to have had much impact on the Bitcoin holder base, and those behaviors have not changed significantly.