On-chain data suggests Bitcoin has yet to confirm a bull market reversal

What happened

The article states that Bitcoin remains in a bear market, with sellers still dominating trading and on‑chain supply indicators showing that a shift to a bull market has not yet occurred.

Confirmed

Global impact / market context

If Bitcoin stays in a downtrend, investors may see continued price weakness, which can lower confidence in crypto assets and delay capital inflows that usually follow a clear market reversal.

Analyst inference

Bitcoin’s lack of a bullish turn keeps the broader cryptocurrency market under pressure, as many tokens tend to follow Bitcoin’s price direction and investors often allocate funds based on its trend.

Analyst inference

What to watch

1. Changes in on‑chain supply metrics, such as the amount of Bitcoin held by long‑term holders, to see if buying pressure builds. Proposed
2. The volume of sell‑side orders on major exchanges, which signals whether sellers remain in control of price movements. Proposed
3. Any shift in Bitcoin’s price that breaks below key support levels, potentially confirming the continuation of the bear market. Proposed

Affected assets

• BTC — Bitcoin

Evidence

• ambcrypto.com