CryptoQuant
Is Bitcoin’s Recent Weakness Capitulation or a Late‑Cycle Drawdown? A Data‑Driven Reconciliation
On‑chain loss metrics are flashing levels comparable to the 2022 Luna collapse, but macro headwinds and market structure nuances complicate the picture. This analysis reconciles the signals from Net Realized P/L, CryptoQuant commentary, and a strong jobs report to give traders concrete risk management steps.
Published at 2026-02-12 15:15:10