Bitcoin Recovery Still Looks Like A Bear Market Rally, Analyst Says
The Big Coin Report Take
A CryptoQuant analyst has explained how the recent Bitcoin recovery has still looked like a bear market rally based on signals in on-chain metrics. Bitcoin Recovery Has Come Alongside A Rise In The LTH Supply In a new thread on X, CryptoQuant community analyst Maartunn has discussed the recent recov
The Big Picture
This story reveals that long-term holders are using price increases to offload supply, a classic characteristic of distribution phases. This pattern confirms the current market structure remains bearish, indicating further downward pressure for Bitcoin.
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