CryptoQuant Analyst Explains Why We are in a Bear Market

Is the Bitcoin bull market already over? In this episode of the BeInCrypto Podcast, Julio Moreno, Head of Research at CryptoQuant, explains why on-chain data suggests Bitcoin has already entered the early stages of a bear market, what this means for 2026, and how investors can identify true market bottoms before they happen. Julio breaks down Bitcoin demand cycles, ETF flows, treasury company behavior, and miner economics to explain why demand is slowing and what could trigger the next major move. We also discuss downside risk levels, black swan scenarios, and the on-chain indicators you can monitor to avoid getting trapped during sharp market corrections. If you want a clear, data-driven outlook on Bitcoin’s next cycle, this episode is packed with actionable insights. 🎙️ What you’ll learn in this episode: Why on-chain data confirms Bitcoin is in a bear market How Bitcoin demand cycles really work Why ETFs and treasury companies have slowed or stopped buying Which risks could trigger forced selling Whether MicroStrategy could ever be forced to sell Bitcoin Why the realized price near $56,000 matters Can miners survive if Bitcoin drops below production costs? Key bottom signals to watch before accumulating Bitcoin What could bring demand back in 2026 Are bear market rallies still possible? On-chain signals for short-term upside moves ⏱️ Timestamps: 00:00 Introduction 00:52 Are we already in a Bitcoin bear market? 02:14 On-chain data that confirms the trend 05:02 Why Bitcoin demand is slowing 07:52 ETFs and treasury companies explained 09:30 Potential black swan risks 13:05 Treasury companies and liquidation risk 14:28 MicroStrategy and Bitcoin exposure 15:44 Is $56,000 the Bitcoin bottom? 17:06 Miners, costs, and bankruptcy risk 21:21 Key bottom signals 24:33 What could restart demand? 27:33 Bear market rallies and upside scenarios 29:31 On-chain signals for short-term momentum 32:45 Invalidation levels for the bear case 35:00 Final thoughts 📊 About the guest: Julio Moreno is the Head of Research at CryptoQuant, one of the most trusted on-chain analytics platforms in the crypto industry. His research focuses on Bitcoin demand, valuation models, and market cycle analysis used by professional and institutional investors. 🔔 Subscribe to BeInCrypto for more data-driven crypto insights 🎧 Listen to the BeInCrypto Podcast for expert interviews and market analysis ------------------------------------------------------------ BeInCrypto, Your Gateway to Blockchain & Beyond 🚀 BeInCrypto is among the Top 3 global crypto media platforms, delivering daily crypto news, updates, reviews, podcasts, shorts, memes, and analysis. With a team of 150+ people across 60+ countries, we publish in 25+ languages to make blockchain, Bitcoin, altcoins, and Web3 accessible to everyone worldwide. Our mission is to empower your Web3 journey, whether you’re a beginner exploring crypto or an expert seeking reliable insights. We share transparent, trustworthy, and accurate information to help you navigate the future of blockchain, digital assets, NFTs, and DeFi. 🌍 Why Follow BeInCrypto? 🔝 Trusted by 11M+ monthly readers 🌐 25+ languages, 4M+ new users every month 📊 News, Rankings, Learn, Bonus Hunter, Learn-to-Earn, Newsletters & Web3 Jobs 💡 A global team passionate about blockchain education & innovation We are more than a news platform – we build tools and products to help you explore opportunities in Web3 with confidence. 👉 Stay tuned for crypto podcasts, trending shorts, reviews, memes, Bitcoin & Ethereum price updates, altcoin analysis, and Web3 industry insights right here on our channel! 🔗 Explore BeInCrypto 🌐 Website: https://beincrypto.com/ 📰 News: https://beincrypto.com/type/news/ 📊 Rankings: https://beincrypto.com/price/ 📚 Learn: https://beincrypto.com/type/learn/ ------------------------------------------------------------ 📲 Follow Us on Socials 🐦 X (Twitter): https://x.com/beincrypto 📸 Instagram: https://www.instagram.com/beincrypto 📢 Telegram: https://t.me/+U8DQNp4b8Gw3YmZi 🎥 TikTok: http://tiktok.com/@beincrypto 💼 LinkedIn: din.com/company/beincrypto @Beincrypto ✅ Subscribe to BeInCrypto and join millions worldwide learning, exploring, and building in Web3. 🚨 Disclaimer 🚨 Although BeInCrypto aims to inform and educate readers worldwide, it is important to remember that investing in cryptocurrency is risky. Neither this video nor its authors should be held responsible for any investment decisions, and nothing published here should be considered financial advice. We always urge our readers/viewers to do their own research and never invest more than they can afford to lose.