CryptoQuant flags bear consolidation as Bitcoin fails $72k–$73k breakout attempt

Bitcoin holds the $60,000–$73,000 range. CryptoQuant calls this the cycle’s “most frustrating phase.”

On-chain signals show hesitation, not conviction. The market lacks persistent buy pressure, per CryptoQuant.

• Apparent Demand bounced after the sell-off, then flipped back negative.
• Bull Market Cycle Indicator points to bear‑market‑style consolidation.
• LTH SOPR dipped below 1, showing long‑term holders realizing losses.

Behavior shifts matter. As short‑term holders sell or age into long‑term cohorts, realized prices can fall, says CryptoQuant.

Geopolitics added a bid. During the recent US‑Israeli strike on Iran, Bitcoin (BTC) outperformed gold and stocks, per Fortune.

“Crypto’s 24/7 structure is increasingly an edge,” said CF Benchmarks’ Gabe Selby to Fortune.

Traders are watching the $72,000–$73,000 zone. A break above last week’s local high would challenge the range top.