Bitcoin Bear Market Will Last Until 2027: CryptoQuant CEO
Bitcoin P&L Index Chart. He shared the CryptoQuants PnL Index Signal chart to support his assessment. It is used to measure the investor profitability cycles by moving averages calculated over 365 days. The chart indicated that the indicator would roll over once it hit a high point in 2025. It spotlights similar peaks recorded prior to the long bear markets in 2014, 2018, and 2022. Past periods of steep declines in the signal have been the time when investor profits have been at their lowest as BTC price declined. BTC Price Overview & Liquidations Data The alarming warning was issued as Bitcoin found itself in a niche above $73,000 amidst growing macroeconomic and geopolitical uncertainty. According to data from CoinGlass, BTC was trading at $73,289, dropping just a bit over the last 24 hours. The derivatives market also witnessed rising stress as total open interest in the market dropped to approximately $55.26 billion. Meanwhile, 24-hour crypto liquidations surged to about $223.9 million for BTC. The data from CoinGlass also revealed that most of the losses in recent times hit long traders. Over the past 24 hours alone, more than $30 million worth of bullish positions were liquidated. Meanwhile, around $17 million worth of short positions were









