Reason to trust
Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made
Strict editorial policy that focuses on accuracy, relevance, and impartiality
Ad discliamer
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.
Bitcoin has started the week maintaining relative stability, with its price currently hovering around $87,000 despite a minor 0.4% dip over the past 24 hours.
The crypto asset showed upward momentum earlier in the week, briefly rallying beyond $88,000. Although the rally has slowed, the broader market remains focused on whether Bitcoin’s recent performance signals a temporary correction or a more substantial shift in trend.
Market analysts have turned to on-chain metrics for additional clarity. One such analyst, Burak Kesmeci, a contributor to CryptoQuant’s QuickTake platform, recently examined four key cyclical indicators to assess whether Bitcoin’s bullish phase is losing steam.
Key Indicators Reflect Mixed Sentiment
According to Kesmeci, while some metrics suggest weakness, they do not yet indicate a market top. Kesmeci’s first point highlights the Internal Funding Pressure (IFP) metric, which currently stands at 696K—below its 90-day simple moving average (SMA90) of 794K.
Historically, a cross above the SMA90 tends to signal renewed bullish momentum, but for now, the metric suggests a lack of reversal strength.
The second metric analyzed is the Bull & Bear Market Cycle Indicator. Kesmeci notes the current setup mirrors earlier soft bearish signals observed during this cycle.
The 30-day moving average (DMA30) sits at -0.16, while the longer-term 365-day moving average (DMA365) is at 0.18. Until the shorter-term average crosses above the longer-term trend, the indicator remains tilted toward bearish sentiment.
Do 4 Different Cyclical On-Chain Metrics Signal the End of Bitcoin’s Bull Market?
“All of these metrics suggest that Bitcoin is experiencing significant turbulence in the short to mid-term.
However, none of them indicate that Bitcoin has reached an overheated or cycle-top… pic.twitter.com/tPw74wqERy
— CryptoQuant.com (@cryptoquant_com) March 25, 2025
Bitcoin MVRV and NUPL Provide Additional Clues
Kesmeci also assessed the Market Value to Realized Value (MVRV) score, which remains below its 365-day SMA. Historically, this positioning tends to precede increased selling pressure, although a rebound is possible once the score crosses back above its moving average.
The last such event occurred during the August 2024 carry trade crisis, which was resolved with a recovery after macroeconomic pressures eased.
Similarly, the Net Unrealized Profit/Loss (NUPL) metric sits below its SMA365. Currently, NUPL stands at 0.49, compared to a moving average of 0.53. While not a definitive end to the bullish trend, the metric’s position implies that further strength is needed for Bitcoin to regain bullish footing.
Kesmeci concludes that these on-chain indicators collectively point to short- and mid-term uncertainty but fall short of confirming a market top.
Drawing comparisons to last year’s macro-driven selloff, he suggests that external factors—such as recent economic uncertainty and tariff-related tensions—may be temporarily suppressing BTC’s performance. If macroeconomic conditions stabilize, BTC could resume its upward trajectory, mirroring the recovery seen in 2024.
Featured image created with DALL-E, Chart from TradingView
Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others.
Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis.
Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events—like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ’s arrest—has honed his keen sense of market dynamics.
When he isn’t crafting engaging crypto content, you’ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he’s catching some Z’s or scrolling through Elon Musk’s very own X platform—(oops, another screen activity, my bad…)
Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters—(don’t judge, that’s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or “kaizen,” striving to be 1% better every day. His mantras, “God knows best” and “Everything is still on track,” reflect his resilient outlook and how he lives his life.
In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He’s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck—unflappable. Edyme is like trading in your car for a jet—bold. He’s the guy who’d ask his boss for a pay cut just to prove a point—(uhhh…). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent—okay, maybe that’s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps.
Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That’s just not the way he roll. He has these favorite lyrics from NF’s “Clouds” that resonate deeply with him: “What you think’s probably unfeasible, I’ve done already a hundredfold.”
PS—Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He’s 100% Him-alayan. Screw it, he ate the opp.
Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.
