CryptoQuant analyst @AxelAdlerJr combined with the analysis of Bitcoin on-chain signal indicators said that the current market has entered a deep correction stage, which lasted for a year in the previous cycle. The current maximum retracement of Bitcoin from the historical high is -32%, which is in the middle area between the deep correction and the market bottoming out. If the macroeconomic and on-chain signals do not improve, the market still has the risk of continued decline.
Overall, the current signal mix suggests that the market has entered a structural adjustment phase: the profit and loss score corresponds to a historical bear market area, while the -32% retracement has exceeded a typical cyclical correction. As long as on-chain and macro indicators show no signs of improvement, the likelihood of a sustained decline remains high, recovery will take time, and a shift in sentiment within the network profit and loss structure will be required.
CryptoQuant: The market has entered a structural adjustment phase, and the likelihood of continued decline remains high
2025-12-05 08:51:22
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