CryptoQuant says Bitcoin appears in bear market while below $101,000

Onchain analytics platform CryptoQuant warned that Bitcoin appears to be in a bear market as its price remains below the 365‑day moving average, around $101,000, and recent gains resemble a 2022 "bear market rally."

CryptoQuant noted Bitcoin has risen about 21% since November 21 and is up more than 20% from $80,500 lows in November 2025, but said that is not sufficient to guarantee a lasting rebound. The firm wrote that after crossing below the 365‑day moving average the price fell 19%, then rallied 19% to as high as $97.9K while the 365‑day MA sits at $101K, echoing a 2022 pattern when the price declined 27%, rallied 47% and was rejected at the same moving average.

The research flagged multimonth highs in exchange inflows on a rolling weekly basis, saying total Bitcoin flowing into exchanges rose to a 7‑day average of 39,000 BTC, the largest inflow since November 25, 2025, and that higher inflows can indicate escalating selling pressure ahead. CryptoQuant also cautioned against placing too much faith in short‑term price strength, adding that fundamental and technical indicators still point to a bear market.

CryptoQuant highlighted the area around $101,000 as a key zone with multiple resistance hurdles and said clearing that trendline would be important for bulls; whether Bitcoin can clear and sustain above the 365‑day moving average remains unresolved, according to the report.

Key Topics

Crypto, Bitcoin, Cryptoquant, Exchange Inflows, Bear Market Rally