BlockBeats News, January 17 — On-chain data analytics firm CryptoQuant points out that Bitcoin’s recent price rebound appears more like a short-term rally rather than a sustained recovery, as market demand remains weak.
CryptoQuant stated in its Friday report: “Bitcoin has risen 21% since November 21, which seems to be a bear market rally. Demand conditions have slightly improved but still remain weak.” A bear market rally refers to a sharp price rebound within an overall downward trend, but it does not change the fundamental bear market structure. Research director Julio Moreno said that behind this Bitcoin rebound, the trend of persistent demand contraction continues.
After dropping about 19% and falling below the 365-day moving average, Bitcoin has risen approximately 21% since November 21. CryptoQuant considers this moving average as a key dividing line between bull and bear markets; once Bitcoin falls below this line, a bear market is confirmed. Analysts note that the current price movement is highly similar to the situation in 2022 — when Bitcoin also experienced a strong rebound after breaking below the 365-day moving average but was halted near this line and resumed its decline.
According to CryptoQuant data, Bitcoin is once again approaching this long-term moving average (currently around USD), but has not yet recovered it. The firm states that in past bear markets, similar failures to reclaim this line often triggered a new downward wave. “At that time, many market participants believed the bear market was over, the four-year cycle had failed, and a super cycle was imminent — this sentiment is quite similar to the current market,” CryptoQuant wrote. “However, the fundamentals and various technical indicators still show that we are in a bear market.”
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Scammers Pose as Iranian Authorities to Extort Stranded Shipowners in Bitcoin and Tether
Gate News message, April 21 — Unknown actors sent fraudulent messages to shipping companies with vessels stranded west of the Strait of Hormuz, claiming to be Iranian authorities and offering safe passage in exchange for fees paid in Bitcoin or Tether, according to Greek risk firm MARISKS. The messa
GateNews16m ago
MicroStrategy’s BTC holdings are nearing Satoshi Nakamoto! Can it become the world’s biggest holder in as fast as nine months?
MicroStrategy recently spent $2.5 billion to buy an additional 34,164 bitcoins. Its total holdings have surpassed 815k BTC, nearing Satoshi Nakamoto’s known amount. Analysts project that if it continues this pace of accumulation, MicroStrategy could become the world’s largest bitcoin holder within 9 to 14 months.
ChainNewsAbmedia1h ago
U.S. Crypto Adoption Rebounds to 12% in March as Bitcoin ETF Inflows Hit $1.32B
U.S. crypto adoption rose to 12% in March after hitting 7% in February, driven by positive Bitcoin ETF inflows. Despite recovery, sentiment is fragile, with many expecting lower Bitcoin prices in 2026, and adoption trends remain skewed towards men and higher-income groups.
GateNews1h ago
Tether Acquires 8.2% Stake in Antalpha, Gaining Exposure to Bitcoin Lending Platform
Tether-affiliated entities invested $25 million in Antalpha, acquiring 8.2% ownership at the IPO price of $12.80 per share. Antalpha, a fintech platform for Bitcoin mining, reported strong financials, but shares fell over 27% post-disclosure.
GateNews1h ago
Bitcoin Core v31.0 Released With GUI Upgrade and Enhanced Privacy Features
Bitcoin Core v31.0 has been released, featuring upgrades like Qt 6.8 and increased database cache. It introduces private broadcast support and removes static transaction fees, enhancing privacy and security in wallet commands.
GateNews4h ago
