CryptoQuant: Bitcoin BCMI indicator declines, possibly signaling a bear market phase
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ChainCatcher news, CryptoQuant published an analysis stating that the on-chain indicator BCMI for bitcoin continues to decline and is now below the equilibrium value, but still above the historical bottom area. Analysts believe this indicates that the market is not only experiencing a cooling phase, but is undergoing a structural reset through both price and on-chain momentum.
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