On-chain data shows CryptoQuant&#8217;s Bitcoin Bull-Bear Market Cycle Indicator has 
witnessed a deep plunge into the bearish territory recently. Bitcoin Bull-Bear 
Cycle Indicator Now Most Bearish Since 2022 Bottom In a new post on X, 
CryptoQuant community analyst Maartunn has talked about the latest trend in 
the CryptoQuant Bitcoin Bull-Bear Market Cycle Indicator. This metric tells 
us, as its name suggests, about the market phase that the cryptocurrency is 
currently inside. The indicator is based on another CryptoQuant metric called 
the P&amp;L Index, which combines the data of key on-chain indicators to build a 
single valuation index for Bitcoin. More specifically, the metrics that the 
P&amp;L Index uses are the MVRV Ratio, NUPL, and LTH/STH SOPR. Related Reading: 
46% Of Bitcoin Supply Now In Loss—What It Could Take For A Bottom The MVRV 
Ratio and NUPL both deal with unrealized network profits/losses, while the 
LTH/STH SOPR with profits/losses being realized by the investors through their 
transactions. According to CryptoQuant, the P&amp;L Index&#8217;s interactions with its 
365-day MA signal whether the asset is switching to a bull or bear market. 
Breaks above the MA indicate that the cryptocurrency is moving into a bullish 
regime, while falls below it can signal a bearish transition. The CryptoQuant 
Bitcoin Bull-Bear Market Cycle Indicator tracks the distance between the P&amp;L 
Index and its 365-day MA to showcase whether the market is transitioning or if 
the metric is valued at an extreme. Now, here is the chart for the indicator 
shared by Maartunn that shows how its value has changed over the past decade: 
As displayed in the above graph, the CryptoQuant Bitcoin Bull-Bear Market 
Cycle Indicator plunged into the region below zero during the last few months 
of 2025, suggesting that the P&amp;L Index crossed below its 365-day MA. As 
mentioned earlier, such a crossover is a sign of a bearish shift. Since the 
indicator has gone into this zone, its value has only fallen deeper as the 
cryptocurrency has seen its negative price action. Following the most recent 
drop, the metric has hit low levels not seen since the 2022 bear market bottom 
that followed the FTX crash. The trend is an indication that the P&amp;L Index is 
approaching an extreme point below the 365-day MA. In the past, market lows 
have generally been reached alongside such values on the index. Related 
Reading: Bitcoin NUPL Back In Hope/Fear Region: What Happens Next? That said, 
the CryptoQuant Bitcoin Bull-Bear Market Cycle Indicator has usually spent a 
bit of time in the &#8220;extreme bear&#8221; zone before the cryptocurrency has found a 
reversal. It now remains to be seen how long the metric will take this time 
around. BTC Price At the time of writing, Bitcoin is floating around $68,000, 
down 4% in the last seven days. Featured image from Dall-E, chart from 
TradingView.com

Bitcoin Bull-Bear Cycle Indicator Drops To Deepest Level Since FTX Bottom

Crypto wealth platform Nexo formally returns to the U.S., relaunching 
regulated Yield, Exchange, Loyalty, and crypto‑backed Credit Line products. 
Nexo announces its U.S. relaunch on February 16 from Miami, delivering a 
U.S.-compliant suite of services—Flexible and Fixed‑term Yield programs, an 
integrated Exchange, crypto‑backed Credit Lines, and a Loyalty 
program—operating via regulated partners and trading infrastructure […]

Nexo Relaunches Yield, Exchange, Loyalty and Credit Lines in United States

Hyperliquid price has remained in a downtrend over the past two weeks, 
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Will Hyperliquid price crash as bearish crossover forms and revenue drops?

Crypto exchange Kraken has vowed to support President Donald Trump’s “Trump 
Accounts” initiative in Wyoming. According to the official announcement from 
Kraken, the crypto exchange will sponsor Trump Accounts for every child born 
in Wyoming in 2026 by making a…

Crypto exchange Kraken vows to support “Trump Accounts” in Wyoming

Monero price confirmed a bullish reversal pattern as dip buyers capitalized on 
a recent drop. XMR now eyes a potential rally to as high as $420 over the 
coming weeks, as demand for privacy solutions is on the rise. According…

Cryptocurrency price in CLP