The CryptoQuant Bull-Bear Index has reached a new low since the FTX collapse, but it has not yet entered the extreme bear market range
CryptoQuant's Bull-Bear Index recently hit its lowest point since the FTX collapse in 2022. This indicator measures market momentum by the difference between the market profit and loss index and its 365-day moving average. Historical data shows that similar extreme bear market levels often signal the formation of a bottom.
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