{"id":19894,"date":"2026-05-13T02:03:15","date_gmt":"2026-05-13T02:03:15","guid":{"rendered":"https:\/\/cryptoted.net\/index.php\/2026\/05\/13\/cryptoquant-signal-flips-green-since-march-2023\/"},"modified":"2026-05-13T02:03:15","modified_gmt":"2026-05-13T02:03:15","slug":"cryptoquant-signal-flips-green-since-march-2023","status":"publish","type":"post","link":"https:\/\/cryptoted.net\/index.php\/2026\/05\/13\/cryptoquant-signal-flips-green-since-march-2023\/","title":{"rendered":"CryptoQuant signal flips green since March 2023"},"content":{"rendered":"<p> <br \/>\n<br \/><img decoding=\"async\" src=\"https:\/\/media.crypto.news\/2025\/09\/crypto-news-exchange-bitcoin-option03.webp\" \/><\/p>\n<div>\n<p class=\"is-style-lead\">CryptoQuant signal has flipped Bitcoin into early bull territory for the first time since March 2023, analysts say.<\/p>\n<div id=\"cn-block-summary-block_181d11391e15bbb5916453db119aebb5\" class=\"cn-block-summary\">\n<p>\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/p>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>CryptoQuant\u2019s Bull-Bear Market Cycle Indicator entered bullish territory on May 12, using its Profit and Loss Index to confirm the regime shift.<\/li>\n<li>The last confirmed green signal in March 2023 preceded a sustained bull run taking Bitcoin from $20,000 to above $73,000 by April 2024.<\/li>\n<li>Analysts flag March 2022 as the key exception, when the indicator briefly turned green before Bitcoin extended a deeper downtrend into 2023.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>CryptoQuant\u2019s Bull-Bear Market Cycle Indicator <a href=\"https:\/\/cryptoquant.com\/insights\/quicktake\/6a022eeebca224364eeb20bd-Bitcoins-Bull-Bear-Cycle-Indicator-Turns-Green-for-the-First-Time-Since-March-20\" target=\"_blank\" rel=\"nofollow\">entered<\/a> bullish territory on May 12 for the first time since March 2023, signaling what analysts describe as a potential transition away from bear-market behavior. The indicator is built on CryptoQuant\u2019s Profit and Loss Index, which aggregates the MVRV ratio, NUPL, and a comparison of Long-Term Holder and Short-Term Holder SOPR ratios.<\/p>\n<p>CryptoQuant head of research Julio Moreno <a href=\"https:\/\/crypto.news\/bitcoin-bottom-or-bull-trap-whales-and-bears-disagree\/\">wrote<\/a> on X that the shift \u201coften suggests that the worst phase of the correction has already passed and that market structure is beginning to recover.\u201d Bitcoin was trading above $80,000 when the indicator flipped, having rebounded roughly 35% from February\u2019s $60,000 lows.<\/p>\n<h2 class=\"wp-block-heading\">Why analysts are not calling a confirmed bull market yet<\/h2>\n<p>The last confirmed green reading came in March 2023 and held continuously until August 2024, covering a period during which Bitcoin climbed from roughly $20,000 to an all-time high above $73,000. The March 2022 signal is the critical exception: the indicator briefly turned green that month before Bitcoin extended its downtrend well into 2023.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Mati Greenspan, founder of Quantum Economics, described the indicator as a regime-shift tool rather than a predictive crystal ball. \u201cHistorically, it has been most useful for identifying when bitcoin stops behaving like a bear-market asset,\u201d he said. Sustained demand, liquidity, and price acceptance at higher levels are still required before the signal can be treated as validated.<\/p>\n<p>Moreno flagged several secondary metrics showing exhaustion in the current setup. Bitcoin must decisively break the $82,000 resistance level, which has rejected multiple rally attempts, before the signal can be considered confirmed by price action.<\/p>\n<h3 class=\"wp-block-heading\">What supporting data shows and what Hayes sees<\/h3>\n<p>Supporting the regime-shift thesis, April ETF inflows into spot Bitcoin products reached $2.44 billion, the strongest single-month institutional accumulation since October 2025. Glassnode\u2019s RHODL ratio currently sits at 4.5, the third-highest reading in Bitcoin\u2019s history, with the only comparable prior readings occurring at the 2015 and 2022 cycle bottoms.<\/p>\n<p>Arthur Hayes, CIO of Maelstrom, <a href=\"https:\/\/crypto.news\/cryptoquant-ceo-admits-he-was-wrong-about-bitcoin-bull-cycle\/\">argued<\/a> separately that Bitcoin already found its cycle bottom at $60,000 earlier in 2026 and identified $90,000 as the threshold at which any rally would turn explosive toward the prior all-time high of $126,000. Bitget Wallet analyst Lacie Zhang said Bitcoin is \u201cpositioned for a potential breakout toward $85,000 to $90,000,\u201d citing strong institutional support and continued ETF inflows.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/crypto.news\/cryptoquant-signal-flips-green-since-march-2023\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>CryptoQuant signal has flipped Bitcoin into early bull territory for the first time since March 2023, analysts say. Summary CryptoQuant\u2019s Bull-Bear Market Cycle Indicator entered bullish territory on May 12, using its Profit and Loss Index to confirm the regime shift. The last confirmed green signal in March 2023 preceded a sustained bull run taking [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":19470,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[23],"tags":[],"kronos_expire_date":[],"class_list":["post-19894","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto"],"_links":{"self":[{"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/posts\/19894","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/comments?post=19894"}],"version-history":[{"count":0,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/posts\/19894\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/media\/19470"}],"wp:attachment":[{"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/media?parent=19894"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/categories?post=19894"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/tags?post=19894"},{"taxonomy":"kronos_expire_date","embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/kronos_expire_date?post=19894"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}