{"id":154751,"date":"2025-04-06T19:00:18","date_gmt":"2025-04-06T16:00:18","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=154751"},"modified":"2025-04-06T18:36:57","modified_gmt":"2025-04-06T15:36:57","slug":"bitcoin-bull-cycle-ends-as-market-shifts-to-bearish-trend-according-to-cryptoquant","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/bitcoin-bull-cycle-ends-as-market-shifts-to-bearish-trend-according-to-cryptoquant\/","title":{"rendered":"Bitcoin Bull Cycle Ends as Market Shifts to Bearish Trend, According to CryptoQuant"},"content":{"rendered":"

His conclusion is based on a detailed analysis of on-chain data, which he believes highlights a shift in market dynamics.<\/p>\n

One of the key metrics Ju examined is the \u201cRealized Cap.\u201d This concept calculates the actual capital flowing into the Bitcoin market by considering when BTC enters a wallet as a purchase and exits as a sale. By multiplying the amount of BTC held in wallets, the Realized Cap provides an estimate of the real investment moving into the market. Unlike Market Cap, which simply reflects the most recent trading price on exchanges, Realized Cap offers a more accurate measure of capital involvement.<\/p>\n

Ju noted that Market Cap can be misleading, especially during periods of low selling pressure, when even minor purchases can drive prices higher. Conversely, when selling pressure is intense, significant buying activity might fail to make an impact. He illustrated this with a past instance when Bitcoin was trading near $100,000, where large transaction volumes did not significantly affect the stable price.<\/p>\n