{"id":94986,"date":"2026-03-06T10:34:03","date_gmt":"2026-03-06T07:34:03","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=94986"},"modified":"2026-03-09T10:39:38","modified_gmt":"2026-03-09T07:39:38","slug":"cryptoquant-labels-bitcoins-surge-a-temporary-rebound","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/cryptoquant-labels-bitcoins-surge-a-temporary-rebound\/","title":{"rendered":"CryptoQuant Labels Bitcoin&#8217;s Surge a Temporary Rebound"},"content":{"rendered":"<p>The rise of the leading cryptocurrency above $73,000 is a short-term rebound rather than the start of a new bull market, according to analysts at CryptoQuant.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Bitcoin is still in a bear market despite the recent rally.<\/p>\n<p>Our Bull Score Index remains at 10\/100, deep in bearish territory.<\/p>\n<p>The current move is likely just a relief rally, not the start of a new bull phase. <a href=\"https:\/\/t.co\/bh4O6jQPD6\">pic.twitter.com\/bh4O6jQPD6<\/a><\/p>\n<p>\u2014 CryptoQuant.com (@cryptoquant_com) <a href=\"https:\/\/twitter.com\/cryptoquant_com\/status\/2029634594824142874?ref_src=twsrc%5Etfw\">March 5, 2026<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Julio Moreno, head of research at the company, stated that both fundamental and technical indicators still point to a bearish trend.<\/p>\n<p>Former BitMEX CEO Arthur Hayes holds a similar view. He stated that Bitcoin has not yet decoupled from the dynamics of American tech <span data-descr=\"a cloud computing model where a ready-made application is provided over the internet by subscription\" class=\"old_tooltip\">SaaS<\/span> companies. This supports the theory that the current price increase is merely a temporary rebound, not the beginning of a sustained upward trend.<\/p>\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\">\n<div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"Arthur Hayes\u2019 Crypto Outlook: Why Markets Are Set to Rip Into 2026\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/A7js2Cvt2do?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div>\n<\/figure>\n<p>Hayes believes the market is still in a risk zone and advises investors to remain patient.<\/p>\n<p>The current strengthening of the asset is largely due to reduced selling pressure. In the spot market, the demand deficit has decreased from -136,000 BTC to -25,000 BTC. Meanwhile, interest from American investors has grown: the premium on the Coinbase exchange turned positive for the first time since October last year.<\/p>\n<p>Speculators and long-term investors have also reduced sales. Traders&#8217; unrealized losses have reached July 2022 levels\u2014at such values, holders are usually unwilling to close positions at a loss. The volume of sales by long-term holders fell from 904,000 BTC in November to 276,000 BTC.<\/p>\n<h2 class=\"wp-block-heading\">The Return of the Whales<\/h2>\n<p>The institutional sector is also showing signs of revival. Bloomberg analyst Eric Balchunas noted that a recent daily inflow of $500 million nearly offset the outflow from spot Bitcoin ETFs recorded since the beginning of the year. Positive dynamics were observed in 10 of the 11 leading funds.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Another half bil day, with 10 of the 11 OGs getting love. YTD hole almost closed. Since Iran strike bitcoin and rise of geopolitical fear btc is up 12% and gold is down. So does that mean gold has failed as a safe haven and may be devoid of any purpose and vice-versa for btc? <a href=\"https:\/\/t.co\/29uHoBYaty\">pic.twitter.com\/29uHoBYaty<\/a><\/p>\n<p>\u2014 Eric Balchunas (@EricBalchunas) <a href=\"https:\/\/twitter.com\/EricBalchunas\/status\/2029539355404939484?ref_src=twsrc%5Etfw\">March 5, 2026<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Balchunas also highlighted that the leading cryptocurrency has gained about 12% amid Middle East tensions and rising geopolitical risks, while the price of gold has decreased.<\/p>\n<p>However, the analyst cautioned against hasty conclusions that the precious metal has lost its status as a safe-haven asset and that Bitcoin is driven solely by geopolitics. He noted that other factors, such as profit-taking, shifts in investor sentiment, and weakening institutional flows, also influence short-term market movements.<\/p>\n<p>Despite local positives, the <span data-descr=\"indicator of bull market strength\" class=\"old_tooltip\">Bitcoin Bull Score<\/span> index remains at 10 out of 100, indicating ongoing market weakness.<\/p>\n<p>If growth continues, Bitcoin will face resistance at $79,000 and $90,000, Moreno stated. These levels correspond to traders&#8217; realized prices\u2014similar values have already halted the coin&#8217;s rally in mid-January.<\/p>\n<p>At the time of writing, digital gold is trading at $70,620. The asset has decreased by 2.7% over the past day.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"661\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-310e5cb880ef8c86-7998614592471741-1024x661.png\" alt=\"BTCUSDT_2026-03-06_09-55-47\" class=\"wp-image-276308\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/img-310e5cb880ef8c86-7998614592471741-1024x661.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/img-310e5cb880ef8c86-7998614592471741-300x194.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/img-310e5cb880ef8c86-7998614592471741-768x496.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/img-310e5cb880ef8c86-7998614592471741.png 1429w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Hourly chart of BTC\/USDT on Binance. Source: <a href=\"https:\/\/ru.tradingview.com\/chart\/?symbol=BINANCE%3ABTCUSDT\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>On March 4, the first cryptocurrency briefly <a href=\"https:\/\/forklog.com\/en\/news\/bitcoin-briefly-tops-74000\">exceeded<\/a> the $74,000 mark. Analysts <a href=\"https:\/\/forklog.com\/en\/news\/analysts-identify-74000-breakthrough-as-key-to-bitcoins-next-rally\">identified<\/a> breaking this level as a key condition for a new rally.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The rise of the leading cryptocurrency above $73,000 is a short-term rebound rather than the start of a new bull market, according to analysts at CryptoQuant.<\/p>\n","protected":false},"author":1,"featured_media":94987,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Bitcoin's rise above $73,000 is a short-term rebound, not a new bull market.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1193,18,1205,1145],"class_list":["post-94986","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-arthur-hayes","tag-bitcoin","tag-cryptoquant","tag-market-analysis"],"aioseo_notices":[],"amp_enabled":true,"views":"111","promo_type":"1","layout_type":"1","short_excerpt":"Bitcoin's rise above $73,000 is a short-term rebound, not a new bull market.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/94986","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=94986"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/94986\/revisions"}],"predecessor-version":[{"id":94988,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/94986\/revisions\/94988"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/94987"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=94986"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=94986"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=94986"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}