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Is the final Bitcoin capitulation still ahead?
According to CryptoQuant's Bull-Bear Market Cycle Indicator, every BTC cycle has historically moved through 5 phases:
🟢 Overheated Bull
🟢 Bull
🟢 Early Bull
🔴 Bear
🔴 Extreme Bear
So far, the current cycle has experienced every phase except one:
⚠️ Extreme Bear.
This doesn't guarantee another major capitulation event.
But with demand still struggling to return, the possibility cannot be ignored.
History doesn't repeat exactly, but it often rhymes. 👀
#Bitcoin #BTC #Crypto #Markets #Trading #CryptoQuant