Bitcoin Market Shows Signs of Slowdown: CryptoQuant Report

After hitting an all-time high of $123,000, Bitcoin’s price is entering a consolidation phase marked by reduced volatility and market momentum decline. CryptoQuant, a blockchain analytics firm, highlights this slowdown in its latest report. Key indicators reveal potential exhaustion: declining momentum, liquidity reduction, and sustained profit-taking are evident. The firm warns of a turning point for the flagship cryptocurrency, potentially transitioning from technical pause to correction risk.