CryptoQuant: Bitcoin BCMI indicator declines, possibly signaling a bear market phase
ChainCatcher news, CryptoQuant published an analysis stating that the on-chain indicator BCMI for bitcoin continues to decline and is now below the equilibrium value, but still above the historical bottom area. Analysts believe this indicates that the market is not only experiencing a cooling phase, but is undergoing a structural reset through both price and on-chain momentum.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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