Bitcoin’s Bull-Bear Cycle Indicator Turns Green for First Time Since March 2023
Key Takeaways Cryptoquant’s Bull-Bear Cycle Indicator turned green for the first time since March 2023 on May 12. The March 2023 signal preceded a bull run that took bitcoin above $73,000, but a 2022 false signal warrants caution. April spot ETF inflows hit $2.44B, and whale accumulation has grown, adding weight to the bullish read.
