{"id":92639,"date":"2025-12-25T12:24:01","date_gmt":"2025-12-25T09:24:01","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=92639"},"modified":"2025-12-25T12:27:01","modified_gmt":"2025-12-25T09:27:01","slug":"cryptoquant-analyst-warns-of-bitcoins-potential-shift-to-bearish-phase","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/cryptoquant-analyst-warns-of-bitcoins-potential-shift-to-bearish-phase\/","title":{"rendered":"CryptoQuant Analyst Warns of Bitcoin&#8217;s Potential Shift to Bearish Phase"},"content":{"rendered":"<p>On-chain analyst Woominkyu has suggested a scenario where the leading cryptocurrency might enter a bearish phase. His conclusion is based on the dynamics of the Bull-Bear Market Cycle Indicator (BCMI).<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Bitcoin BCMI Update \u2014 A Bear Market Scenario Is Becoming More Relevant<\/p>\n<p>\u201cFrom a data-driven perspective, this opens the possibility that the market is transitioning into a bear phase, not just experiencing a pullback.\u201d \u2013 By <a href=\"https:\/\/twitter.com\/Woo_Minkyu?ref_src=twsrc%5Etfw\">@Woo_Minkyu<\/a> <a href=\"https:\/\/t.co\/wwWhaBWsH2\">pic.twitter.com\/wwWhaBWsH2<\/a><\/p>\n<p>\u2014 CryptoQuant.com (@cryptoquant_com) <a href=\"https:\/\/twitter.com\/cryptoquant_com\/status\/2003765382612680867?ref_src=twsrc%5Etfw\">December 24, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The October decline of the metric to 0.5, initially resembling a temporary pause, has evolved into a negative trend. The weakening of Bitcoin alongside the falling indicator values indicates a loss of market momentum.<\/p>\n<p>Currently, the BCMI is below the equilibrium level, yet still significantly above historical bottom zones. In 2019 and 2023, market reversals occurred in the 0.25-0.35 range.<\/p>\n<p>According to the expert, the current picture resembles a shift to a downward trend more than a typical correction. For a sustainable bottom to form, the metric should drop to the lows of previous cycles.<\/p>\n<h2 class=\"wp-block-heading\">Bitcoin Whale Inflows Halved<\/h2>\n<p>In December, the volume of funds transferred by large investors to the Binance exchange halved. This was reported by CryptoQuant analyst under the pseudonym Darkfost.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">During December, Whale Inflows on Binance Were Cut in Half<\/p>\n<p>\u201cMonthly whale inflows dropped from around $7.88 billion to $3.86 billion, effectively being halved within just a few weeks.\u201d \u2013 By <a href=\"https:\/\/twitter.com\/Darkfost_Coc?ref_src=twsrc%5Etfw\">@Darkfost_Coc<\/a> <a href=\"https:\/\/t.co\/muHO6Zc5QO\">pic.twitter.com\/muHO6Zc5QO<\/a><\/p>\n<p>\u2014 CryptoQuant.com (@cryptoquant_com) <a href=\"https:\/\/twitter.com\/cryptoquant_com\/status\/2003813348769411198?ref_src=twsrc%5Etfw\">December 24, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to the expert, monthly inflows from whales fell from $7.88 billion to $3.86 billion in just a few weeks.<\/p>\n<p>As Binance leads in exchange flows, the reduced activity of large players indicates a weakening of selling pressure. Fewer deposits mean a lower risk of immediate asset sales, positively affecting the short-term market balance.<\/p>\n<p>However, the overall downward trend does not rule out occasional large transfers. Recently, the analyst recorded a spike in deposits of $466 million from holders with balances of 100-10,000 BTC. Of these, more than $435 million came from wallets holding 1,000 to 10,000 coins.<\/p>\n<p>Darkfost noted that tracking whale actions remains a priority: large single transactions can sharply increase volatility or trigger a price correction.<\/p>\n<h2 class=\"wp-block-heading\">Bitcoin Futures Activity Drops Sixfold<\/h2>\n<p>The number of trades with perpetual Bitcoin contracts has sharply declined across all major exchanges. Analysts at Alphractal note a shift in traders&#8217; interest towards Ethereum.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\udea8The number of perpetual market trades across all exchanges has dropped sharply for BTC, while more trades are now being processed in ETH.<\/p>\n<p>Between August and November, we witnessed the highest number of leveraged trades in Bitcoin\u2019s history. From Hyperliquid to BitMEX, a total\u2026 <a href=\"https:\/\/t.co\/jiWRBj4r5X\">pic.twitter.com\/jiWRBj4r5X<\/a><\/p>\n<p>\u2014 Alphractal (@Alphractal) <a href=\"https:\/\/twitter.com\/Alphractal\/status\/2003953868569276750?ref_src=twsrc%5Etfw\">December 24, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>From August to November, trader activity using leverage was at a historic high. On 19 platforms, including <a href=\"https:\/\/forklog.com\/en\/news\/the-price-of-popularity-and-a-lesson-for-all-hyperliquid\">Hyperliquid<\/a> and BitMEX, up to 80 million trades were recorded daily.<\/p>\n<p>The trend has now changed. The seven-day moving average has fallen to 13 million operations. Such a sharp decline indicates a large-scale reduction in leveraged positions in Bitcoin.<\/p>\n<p>Back on December 23, exchange-traded funds based on the two largest cryptocurrencies by market capitalization <a href=\"https:\/\/forklog.com\/en\/news\/on-the-eve-of-christmas-spot-bitcoin-etfs-lost-188m\">recorded<\/a> total outflows of $284.1 million.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On-chain analyst Woominkyu has suggested a scenario where the leading cryptocurrency might enter a bearish phase. His conclusion is based on the dynamics of the BCMI.<\/p>\n","protected":false},"author":1,"featured_media":92405,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Analyst Woominkyu suggests Bitcoin may enter a bearish phase based on BCMI dynamics.","creation_source":"ai_translated","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1146,1205,1268],"class_list":["post-92639","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-cryptocurrency-market-forecasts","tag-cryptoquant","tag-on-chain-analysis"],"aioseo_notices":[],"amp_enabled":true,"views":"201","promo_type":"1","layout_type":"1","short_excerpt":"Analyst Woominkyu suggests Bitcoin may enter a bearish phase based on BCMI dynamics.","is_update":"0","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/92639","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=92639"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/92639\/revisions"}],"predecessor-version":[{"id":92640,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/92639\/revisions\/92640"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/92405"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=92639"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=92639"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=92639"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}