CryptoQuant Signals Bitcoin Reversal as Large Buyers Absorb Retail Selling
TL;DR
- CryptoQuant’s Bitcoin Cycle Momentum indicator has turned positive after eight months in bearish territory, signaling a possible shift in the market cycle.
- At the same time, wallets holding more than 100 BTC accumulated around 60,000 BTC during August, while smaller holders reduced their positions.
- Bitcoin’s recovery above $80,000 has strengthened the bullish setup, although confirmation still depends on sustained momentum.
Bitcoin is showing signs of a potential market-cycle reversal as on-chain data points to stronger participation from large holders. CryptoQuant’s Cycle Momentum indicator recently moved back above zero after eight months in negative territory, increasing the probability that Bitcoin is emerging from its prolonged bearish phase.
The indicator, which compares CryptoQuant’s PnL Index with its 365-day moving average, currently sits around 0.4. Analyst Gaah said the signal points to a high probability of Bitcoin breaking its downtrend, although the reversal requires additional confirmation. The model would need to advance toward the 20–30 range while price recovery continues over the coming weeks.
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