CryptoQuant analyst says the crypto market is close to completing its transition to an uptrend cycle
BIBIBI
AT A GLANCE
Crypto Dan believes that the crypto market is close to completing its transition to an uptrend cycle.
Article
Analysis: The shares of supply in loss and in profit have diverged again, and the crypto market has almost completed its transition to an uptrend cycle
BlockBeats reported that October 8, CryptoQuant analyst Crypto Dan wrote that changes in the shares of supply in loss and in profit can be used to assess the overall trend of the crypto market. At the bottom of each previous downtrend cycle, the shares of supply in loss and in profit gradually converged; as the market shifted into an uptrend cycle, the two shares diverged again. Crypto Dan believes that the current market is exhibiting the same characteristic.
Crypto Dan pointed out that when the previous several cycles bottomed, Bitcoin's price typically fell below the Realized Price, whereas the decline in the current correction was relatively shallow and did not produce the same outcome. Considering the overall performance of the current market, the crypto market is currently in the process of transitioning to an uptrend cycle, and this transition is close to complete
Original link https://m.theblockbeats.info/flash/370767
Key points
01
BlockBeats said that the message was published on October 8。
02
CryptoQuant analyst Crypto Dan said that changes in the shares of supply in loss and in profit can be used to assess the overall trend of the crypto market.
03
Crypto Dan said that at the bottom of each previous downtrend cycle, the shares of supply in loss and in profit gradually converged; when the market shifted into an uptrend cycle, the two shares diverged again.
04
Crypto Dan believes that the current market is exhibiting the characteristic of the shares of supply in loss and in profit diverging again.
05
Crypto Dan pointed out that when the previous several cycles bottomed, Bitcoin's price typically fell below the Realized Price, but the decline in the current correction was relatively shallow and did not produce the same outcome.
06
Crypto Dan believes that the crypto market is in the process of transitioning to an uptrend cycle, and that this transition is close to complete.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
The article treats the shares of supply in profit and in loss as cycle signals: convergence between the two is described as indicating that a downtrend cycle is approaching its bottom, while renewed divergence is described as indicating that the market is shifting into an uptrend. Crypto Dan also uses the fact that Bitcoin did not fall below the Realized Price during the current correction as supporting evidence. These points are the analyst's interpretation of the indicators, not confirmation that the market has already completed a reversal.
Why it matters to readers
If this indicator interpretation is valid, it could affect market participants' assessment of Bitcoin and the overall crypto market trend. However, the original article does not present the complete indicator data, so the report alone cannot confirm that an uptrend cycle has already formed.
Beginners can understand this content as a method for assessing on-chain cycles, rather than as a definitive signal of price appreciation. Monitor whether the shares of supply in profit and in loss continue to diverge, and whether Bitcoin remains above the Realized Price.
Risks and unknowns
The evidence does not provide the full content of Crypto Dan's original post.
The evidence does not show specific data or charts for the shares of supply in loss and in profit.
The evidence does not provide independent verification of Bitcoin's price, capital flows, or other market data.
Related Developments
Loading event timeline…
It remains unconfirmed whether the crypto market has completed its transition to an uptrend cycle.
Related concepts
Share of supply in loss
This term is not in the glossary yet. Browse related concepts in the glossary.
