CryptoQuant says Bitcoin stress cycle eases; bottom not yet confirmed

CryptoQuant: Bitcoin stress cycle eases, bottom not confirmed

Bitcoin is stabilizing after deleveraging. CryptoQuant says this is a reset, not a reversal.

Analyst MorenoDV_ sees on‑chain and derivatives stress rolling off. The market exits acute stress. A clean bull regime is not here yet. CryptoQuant.

The Short‑Term Sharpe Ratio is near −40. Past sub‑−40 prints in 2015, 2019, 2020, 2023 preceded sharp repricing higher. CryptoQuant.

The 30‑day Buy/Sell Pressure Delta is recovering. Heavy selling likely passed. It has not hit strong buy territory yet. Historically, the gap has offered entries. CryptoQuant.

• Stress cycle features unrealized losses, deleveraging, compressed futures basis, defensive options. CryptoQuant
• Sharpe and Pressure Delta alignment flags a strong cycle risk/reward. Patience still needed. CryptoQuant
• QCP calls the move a pause, not resolution. NewsBTC summary of QCP

Risks remain. Macro, liquidity, and weak sentiment can extend this. CryptoQuant.