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Analyst: Bitcoin May Enter Mid-Bear Market Phase, Extreme Selling Pressure Has Moderated
07/03/2026 19:02
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Svmuu News CryptoQuant analyst Axel posted on platform X, stating that Bitcoin may have currently entered the mid-phase of this bear market cycle. The NUPL–MVRV harmonic composite indicator has touched 0.33, while historical cycle bottoms typically appear around the 0.5 range. The chart shows the bear market cycle beginning to exhibit an upward trend, indicating that extreme selling pressure has moderated. However, the indicator remains significantly above the historical bottom zone, suggesting that a full-scale market sell-off has not yet been confirmed.
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