CryptoQuant Confirms Bitcoin Bull Market, Eyes $90K Resistance — SkimNews
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- CryptoQuant identified the $88K–$90K range as Bitcoin's next resistance, citing an on-chain supply cluster that coincides with the $90,300 upper profit-taking band — 40% above the $64,300 realized price for 1–3 month holders.
- CryptoQuant declared "the bull market is confirmed," stating technicals, valuation, and on-chain data now all point upward, with the path from current spot of $86,000 to the profit-taking zone described as "largely clear" and no return to bear-market conditions seen.
- CryptoQuant CEO Ki Young Ju attributed dampening cycle extremes to a shift from retail to institutional ownership, noting that during the 2026 bear market Bitcoin's MVRV ratio never fell below its breakeven point of 1, meaning investors stayed in aggregate profit throughout.
- Bitcoin's MVRV ratio crossed above its 365-day moving average — a signal that marked the end of both the 2018 and 2022 bear markets — adding another bullish technical confirmation.
- US spot Bitcoin ETFs recorded $1.7 billion in net inflows during the first two days of the week, with Monday's $999 million tally marking the largest single-day total since October 2025.
Why it matters: Traders watching Bitcoin's push toward $90K now have concrete on-chain resistance at $90,300 — 40% above the $64,300 realized price — where selling has historically intensified. With $1.7B in ETF inflows in two days and MVRV crossing a threshold that ended both prior bear markets, the bull case is well-supported, but CryptoQuant explicitly frames $90K as a natural pause point where profit-taking could stall momentum.
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