CryptoQuant Analyst: Extreme sell-offs have eased, and Bitcoin may be entering the mid-term bear market

MarsBitNews · 2026-03-08T00:34:34+00:00

Mars Finance reports that CryptoQuant analyst Axel posted on the X platform stating that Bitcoin may currently be in the mid-stage of this bear market cycle. The NUPL–MVRV harmonic composite indicator has reached 0.33, while historical cycle bottoms typically occur around the -0.5 range. The chart shows that the start of the bear market cycle is trending upward, indicating that extreme selling conditions are moderating, but the indicator remains well above historical bottom levels, suggesting that a full market sell-off has not yet been confirmed.

MarsBitNews

2026-03-08 00:34:34

Mars Finance News: CryptoQuant analyst Axel posted on X platform that Bitcoin may have entered the mid-stage of this bear market cycle. The NUPL–MVRV harmonic composite indicator reached 0.33, while historical cycle bottoms typically occur around -0.5. The chart shows that the start of the bear market cycle is trending upward, indicating that extreme selling conditions are moderating. However, the indicator remains well above historical bottom levels, suggesting that a full-scale market sell-off has not yet been confirmed.

BTC-0,53%

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