Bitcoin Shows Signs of Bear Market Reversal, CryptoQuant Data Suggests

On-chain metrics cited by analysts point to a possible shift after months of declining sentiment around Bitcoin's four-year cycle theory.

Bitcoin may be flashing early signs of a bear market reversal, according to separate reports from Finbold and U.Today published on September 2. Both outlets point to on-chain analytics from CryptoQuant as the basis for the renewed discussion.

The reports arrive after months of debate over whether Bitcoin's long-observed four-year cycle theory still holds. That framework, which links Bitcoin's price movements to its periodic halving events, has been questioned by analysts who argue the asset's growing institutional footprint has changed its behavior. U.Today's coverage frames the new signals as a challenge to claims that the cycle theory was effectively finished.

CryptoQuant is a widely followed on-chain data platform that tracks blockchain activity, exchange flows and holder behavior to gauge market conditions. Analysts and traders often reference its metrics when assessing whether Bitcoin is entering a new phase of accumulation or distribution. The firm's data has previously been cited during major turning points in Bitcoin's price history.

A bear market reversal signal typically reflects shifts in metrics such as exchange balances, holder activity or realized losses and gains. These indicators can suggest that selling pressure is easing or that longer-term holders are beginning to accumulate again. Neither Finbold nor U.Today detailed the specific metrics driving the current signal in the information available.