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Bitcoin Is Down 50% but Cryptoquant Says the Cycle Top Still Hasn’t Happened

Josh1 min read

Bitcoin's price over the past year.Bitcoin’s current cycle may not have topped yet, according to Cryptoquant’s 365-day PnL Index Signal, which continues to trend lower, a pattern the analytics firm associates with markets whose peak still lies ahead. What the Signal Says Onchain analytics firm Cryptoquant noted that its 365-day PnL Index Signal continues to trend lower, “suggesting the current […]

Source: https://news.bitcoin.com/cryptoquant-bitcoin-cycle-peak-ahead/

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