Bitcoin Is Down 50% but Cryptoquant Says the Cycle Top Still Hasn’t Happened

Bitcoin’s current cycle may not have topped yet, according to Cryptoquant’s 365-day PnL Index Signal, which continues to trend lower, a pattern the analytics firm associates with markets whose peak still lies ahead. What the Signal Says Onchain analytics firm Cryptoquant noted that its 365-day PnL Index Signal continues to trend lower, “suggesting the current […]