8 Out Of 10 Indicators Of Bitcoin's Price Rise Have Turned To Decline Despite Soaring To 116,000 USD

According to CryptoQuant, the bullish Bitcoin market indicators are primarily turning bearish despite Bitcoin's slight bounce back on Friday to $116,000. Eight out of ten indicators of the CryptoQuant Bull Score Index are showing bearish signals for Bitcoin and “The momentum is clearly cooling down,” said CryptoQuant analyst JA Maartun on Thursday. The bullish signal points of the blockchain analysis platform include ten indicators, and only two of them remain bullish: “Bitcoin demand growth” and “Technical signal”. The growth in demand for Bitcoin is a measure of the level of demand in the market for this asset and has increased since July, while “technical signals” seem to be tracking popular indicators and technical analysis metrics. However, the rest, the MVRV-Z point, profit and loss index, bullish and bearish cycle indicator, cross-exchange money flow momentum, network activity index, stablecoin liquidity, trader's on-chain profit margin, and the actual price of traders are all at negative levels. The MVRV-Z point is the market value compared to the actual value, measuring the ratio of BTC price to its actual value. The profit-loss index shows the amount of supply that is profitable, the cycle indicator reflects the current sentiment, and the transaction flow indicator shows the amount of assets being transferred in and out of exchanges. The last time eight out of ten bearish indicators occurred was in April when Bitcoin ( BTC ) fell to $75,000. In July, eight out of ten of those indicators were bullish as BTC reached its first peak of the year at $122,800.

Bull Run Still Not Reached Its Peak The overall Bull Score index of CryptoQuant — measuring all combined indicators — has fluctuated between 20 and 30 this month as the adjustment process continues. The CoinGlass Crypto Bitcoin Bull Run Index (CBBI) analyzes nine metrics to determine the current phase of the bull run, which is currently at 74, indicating that it has passed nearly three-quarters of the bull market. However, only one of the 30 peak indicators of the CoinGlass bull run appears, which is the altcoin season index. Bitcoin Falls Behind Other Cryptocurrencies, Stocks, and Gold The cryptocurrency prices have been quite stable this week, “but BTC has lagged significantly behind other coins as well as stocks and spot gold,” Augustine Fan, head of the analysis department at cryptocurrency trading software provider SignalPlus, shared with Cointelegraph. She added that the net buying momentum has slowed down due to a significant reduction in digital asset purchases, as well as centralized exchanges reporting low new capital inflows, “as investors prefer to keep their portfolios within the authorized range of stocks.” “The short-term picture seems a bit more challenging and we want to take a more defensive stance in line with the difficult seasonal trends of risk assets in general.” However, some people believe that it is due to the widely anticipated correction in September and the prediction that the bull run will continue. “Global liquidity has bounced back and is trying to reach new highs,” commented cryptocurrency podcast host Tony Edward, adding, “It feels like this bullish market cycle is extending, and we may witness a local peak in Q4 and an explosive peak in Q1 2026.” BTC Recovers 116,000 USD Bitcoin made a move in early trading on Friday, surpassing the $116,000 mark for the first time in three weeks after a 1.5% gain on the day. This asset is currently only 6.8% away from its all-time high, and the adjustment so far is much shallower compared to previous cycles.