cryptoquant

A new report from CryptoQuant still declares a bitcoin bull market but says a “healthy correction” could be coming.

The Bitcoin price's move above its 365-day average marks the end of bear market, says CryptoQuant.

Bitcoin is doing what it has done in previous cycles when it has entered a bull market.

Has Bitcoin bottomed out? Data shows it might have.

Bitcoin slipped to around $62,000 after rebounding from last week's $57,700 low, while CryptoQuant says improving demand, seasonality and valuation support further gains, though its bearish Bull Score Index suggests the move remains a bear-market recovery rather than a full trend reversal.

CryptoQuant reported Bitcoin exchange inflows surged to 49,000 BTC on June 30 — a rare spike historically linked to heightened volatility and often downside risk — even as Bitcoin rebounded above the key $60,000 support level.

Strategy (MSTR) plunged more than 10% to a two-year low near $92 as Bitcoin crashed below $60,000, wiping out billions in unrealized gains.

Bitcoin network activity has surged to its highest level since 2024, with daily transactions topping 800,000, but CryptoQuant says the increase is being driven largely by low-value protocol activity such as Ordinals, Runes and BRC-20 transactions rather than economic demand.