CryptoQuant: Bitcoin Bull Market Confirmed, $90K Profit-Taking Risk — SkimNews
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- CryptoQuant warned that the $88,000–$90,000 on-chain supply cluster coincides with the upper band of short-term holders' realized price ($90,300, 40% above the $64,300 realized price), making it the next resistance level where selling historically intensifies.
- CryptoQuant analysts described the path from the current spot price of $86,000 to the profit-taking zone as "largely clear" and said they see no return to bear-market conditions, declaring the bull market "confirmed" with technicals, valuation, and on-chain data aligned.
- CryptoQuant CEO Ki Young Ju wrote that future Bitcoin price cycles are likely to be less extreme than prior ones due to a shift from retail to institutional ownership, and that the MVRV ratio never fell below 1 during the 2026 bear market — leaving investors in aggregate profit throughout.
- Bitcoin's MVRV ratio has crossed above its 365-day moving average — an event that previously signaled the end of both the 2018 and 2022 bear markets.
- US spot Bitcoin ETFs recorded $1.7 billion in net inflows over the first two days of the week, including a $999 million Monday tally that was the largest single-day total since October 2025.
Why it matters: Short-term Bitcoin holders sitting on roughly 40% unrealized gains face a concentrated sell zone at $90,300, and CryptoQuant's own framing calls it a "natural pause point" rather than a reversal — meaning the next 4–5% of upside could test whether institutional inflows ($1.7B in two days) have permanently changed the cycle's volatility profile.
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