Bitcoin Demand Is Picking Up, But The Bear Market Still Holds
The value of Bitcoin took the crypto group without warning when it broke the resistance stage round $94,000 over the previous week. This has sparked questions on whether or not this was only a mere bear market rally or the bull run is again on observe. Here’s what CryptoQuant, which called the bear market earlier, has to say in regards to the newest Bitcoin value rally.
BTC Still In Bear Market Despite Improving Conditions: CryptoQuant
On Friday, January 16, blockchain analytics agency CryptoQuant revealed in its newest report that the Bitcoin demand situations have gotten much less destructive following the current rally above $97,000. This on-chain remark comes a number of weeks after the agency stated the BTC obvious demand — on the time — was pointing to the beginning of a bear market.
The affirmation of the bear market got here after the value of Bitcoin fell beneath the 365-day transferring common — a stage that has traditionally decided bull and bear phases. However, the premier cryptocurrency has been on an upward trajectory since breaking beneath this stage, up by roughly 21% since late November 2025.
In its analysis report, CryptoQuant famous that whereas the value of BTX is approaching the 365-day transferring common, it has but to reclaim the technical stage, which at present lies round $101,000. The analytics agency additional talked about acts as a “regime boundary” throughout bear markets — as seen in previous cycles, triggering value rejections earlier than renewed draw back.
In addition to the technical hurdles, CryptoQuant famous that whereas the Bitcoin demand situations have improved “at the margin”, they nonetheless sign market weak point. “US spot indicators such because the Coinbase Premium briefly turned constructive, whereas U.S. ETFs merely paused internet promoting after offloading ~54K BTC in November, quite than displaying sustained accumulation,” the agency added.
CryptoQuant additionally highlighted that on-chain spot demand continues to say no, with obvious demand down by about 67,000 BTC over the previous 30 days. Meanwhile, the Bitcoin spot exchange-traded fund inflows have broadly remained beneath ranges usually correlated with sturdy bullish market recoveries.
At the identical time, the rising BTC trade inflows don’t unfold optimism however quite improve draw back threat. Data from CryptoQuant exhibits that transfers to centralized exchanges climbed to a 7-day common of roughly 39,000 BTC, the very best stage since late November. According to the agency, it is a tell-tale signal of accelerating sell-side strain after relief rallies.
Going by this, it seems that whereas the market situations are considerably enhancing favorably for value, Bitcoin remains to be within the bear cycle that began lower than two months in the past.
Bitcoin Price At A Glance
As of this writing, the value of BTC stands at round $95,200, reflecting no vital motion up to now 24 hours.