Bitcoin supply metric prints first 'buy' signal since late 2022 as bear market continues
Cointelegraph 2026-07-03 11:34:04
Context: A significant metric in the Bitcoin market has flashed a "buy" signal for the first time since late 2022, suggesting a potential end to the current bear market, although analysts caution that the price could still decline further. This development comes as Bitcoin continues to navigate a prolonged period of market downturn. The signal is based on a specific supply metric that has historically indicated favorable buying opportunities.
Key Facts
- The Bitcoin supply metric has printed its first "buy" signal since November 2022, indicating a potential shift in market dynamics.
- Despite this positive signal, analysts warned that the Bitcoin price could still go lower, reflecting the ongoing bear market conditions.
- This "buy" signal is based on specific supply dynamics that have previously suggested the end of a bear market, but do not guarantee a price increase.