Is this recent rebound a real reversal or just a dead cat bounce before another drop?

The CEO over at CryptoQuant has spoken out, saying that most of the on-chain data for BTC is still bearish. His point is clear: if money doesn’t come in from the macro side, this cycle is most likely headed toward a bear market.

To be honest, on-chain indicators don’t lie. No matter how bullish the market sentiment gets, the data tells a different story.