CryptoQuant: Bitcoin cycle theory is being tested again, and bear City reverse signals are emerging

CryptoQuant's chain indicators show that bitcoin cyclical theory is not “dead” and that recently there have been signs of a bear market reversal. For the first time in the past eight months, this indicator has entered a positive outlook, and this historical signal accurately marks the end of a long-term decline, indicating that the encryption market cycle remains valid. Bitcoin has recently risen rapidly from $62,000 to $81,000, boosting market activity, and the current recovery is in line with the classic cyclical transition scenario: large amounts of money are flowing from panic-ridden, scattered investors to long-term holders. The data show that in August, large households were confident about the upcoming rebound and began lending bitcoin as collateral, with a related increase of 18 per cent on specialized platforms. The United States spot bitcoin ETF recorded the strongest weekly inflow of investors in the past 10 months, with more than $470 million in USDC stabilizing to major exchanges. The current price of bitcoin is about US$ 78,000, entering the “strategic stagnation” zone, with a critical support area of US$ 69,000, and a return to the upward trend would only be a matter of time if the market were to remain at that level。