Bitcoin Enters Bear Market, But Optimism Persists From Network Data and Funding Rates

Cryptocurrency markets are currently experiencing a bear market for Bitcoin (BTC), according to one influential indicator. Julio Moreno, Head of Research at CryptoQuant, shared this news on his X account (@jjcmoreno) earlier today, April 2, 2025. His assessment is based on Bitcoin network activity metrics which have recently remained below the trendline, a sign indicative of a bearish period for the cryptocurrency.