The cryptocurrency market is currently experiencing a period of decline, often referred to as a bear phase. CryptoQuant senior analyst Julio Moreno has released an analysis highlighting key warning signs and the requirements for recovery. His insights come at a time when investors are seeking reliable guidance amidst market uncertainty. One crucial indicator of this downturn is Bitcoin’s movement below its 365-day moving average. This historical marker has consistently served as a reliable indicator of market health, suggesting sustained downward pressure when breached. Moreno emphasizes that recovery becomes significantly more difficult once this critical threshold is crossed. The current bear phase isn’t simply a temporary correction; it signifies deeper structural issues within the crypto ecosystem. 3 fundamental factors must be reversed for a shift out of this bear phase to occur: demand restoration, investor sentiment change, and capital flow reversal.