{"id":37918,"date":"2026-03-12T08:00:32","date_gmt":"2026-03-12T08:00:32","guid":{"rendered":"https:\/\/cryptomag.finance\/?p=37918"},"modified":"2026-03-12T08:00:32","modified_gmt":"2026-03-12T08:00:32","slug":"bitcoin-enters-most-frustrating-phase-cryptoquant-says-a-look-at-whats-to-come","status":"publish","type":"post","link":"https:\/\/cryptomag.finance\/?p=37918","title":{"rendered":"Bitcoin Enters \u2018Most Frustrating Phase,\u2019 CryptoQuant Says: A Look At What\u2019s To Come"},"content":{"rendered":"<p>Bitcoin (BTC) is currently navigating a trading range between $60,000 and $73,000, entering what analytics platform CryptoQuant describes as \u201cthe most frustrating phase in the cycle.\u201d\u00a0<\/p>\n<p>According to a recent analysis by CryptoQuant contributor MorenoDV, Bitcoin finds itself in a period characterized by heightened uncertainty, with market signals indicating more hesitation than firm conviction.<\/p>\n<h2>Bear Market Signals<\/h2>\n<p>Three key<a href=\"https:\/\/www.newsbtc.com\/news\/solana\/top-analyst-suggests-solana-may-surpass-xrp-in-market-value-heres-why-and-when\/\" target=\"_blank\" rel=\"noopener \"> on-chain metrics<\/a> point to a psychologically challenging phase for market participants, specifically Apparent Demand, the CryptoQuant Bull Market Cycle Indicator, and the Long-Term Holder SOPR.<\/p>\n<p>After the most recent sell-off, Apparent Demand initially showed signs of recovery, suggesting that opportunistic buyers were stepping in to capitalize on the recent price drop. However, this uptick was short-lived, quickly retreating to negative territory.\u00a0<\/p>\n<p>Moreno also <a href=\"https:\/\/cryptoquant.com\/insights\/quicktake\/69b0583b0a88cf49117023ee-Bitcoin-Enters-the-Most-Frustrating-Phase-of-the-Cycle?utm_source=twitter&amp;utm_medium=sns&amp;utm_campaign=quicktake&amp;utm_content=morenodv\" target=\"_blank\" rel=\"noopener nofollow\">emphasized <\/a>the absence of persistent buying pressure in the Bitcoin market, which he believes shows that market players are still cautious and hesitant to aggressively accumulate BTC at current prices.<\/p>\n<p>The CryptoQuant Bull Market Cycle Indicator, as seen in the chart below, further reinforces this sentiment, as it currently signals a phase typically associated with bear market consolidation.\u00a0<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"size-large wp-image-886857\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2026\/03\/Screenshot_9.jpg?w=860&amp;resize=860%2C432\" alt=\"Bitcoin\" width=\"860\" height=\"432\" \/><\/p>\n<p>Moreover, the analyst noted that the behavioral dynamics at play can influence the cost bases of various market cohorts. He asserts that as short-term holders realize losses or transition to longer-term holders, the realized prices of Bitcoin can decline.\u00a0<\/p>\n<p>Lastly, the Long-Term Holder SOPR metric is beginning to show that even seasoned investors are starting to realize losses, dropping below the crucial threshold of 1.\u00a0Historically, this tends to arise in the later stages of <a href=\"https:\/\/www.newsbtc.com\/news\/ethereum\/bitmine-acquires-60000-eth-chair-discusses-outlook-for-ethereum-and-crypto-prices\/\" target=\"_blank\" rel=\"noopener \">bear markets <\/a>when extended uncertainty erodes even the staunchest beliefs in the asset\u2019s value.\u00a0<\/p>\n<h2>Bitcoin Eyes $72,000\u2013$73,000 Resistance Level<\/h2>\n<p>In the context of geopolitical events, Bitcoin has demonstrated resilience, outperforming gold and traditional stocks during the recent US-Israeli attack on Iran.\u00a0<\/p>\n<p>Crypto stocks have also benefited, given their ability to be traded at any hour, unhindered by banking schedules. Gabe Selby, head of research at CF Benchmarks, <a href=\"https:\/\/fortune.com\/2026\/03\/11\/bitcoin-outperforms-gold-and-stocks-since-beginning-of-iran-war\/\" target=\"_blank\" rel=\"noopener nofollow\">told <\/a>Fortune:\u00a0<\/p>\n<blockquote>\n<p>Crypto\u2019s 24\/7 structure is increasingly an edge for the asset class. When the Iran conflict escalated over the weekend, crypto-native markets were the only venue open for global risk trading, a structural advantage that traditional markets cannot replicate.<\/p>\n<\/blockquote>\n<p>Additionally, Bitcoin has seen a positive uptick of about 4% following President Trump\u2019s comments suggesting that the war may be winding down. Trump stated, \u201cI think the war is very complete, pretty much,\u201d adding that Iran has \u201cnothing left in a military sense.\u201d<\/p>\n<p>While attempting to <a href=\"https:\/\/www.newsbtc.com\/breaking-news-ticker\/whats-fueling-hyperliquids-surge-hype-outperforms-top-100-cryptos-in-latest-rally\/\" target=\"_blank\" rel=\"noopener \">consolidate <\/a>near $70,000 at the time of writing, Bitcoin is also seeking to break through its recent local high in the $72,000-$73,000 resistance zone, which was unsuccessfully tested last week.\u00a0<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"size-large\" src=\"https:\/\/www.tradingview.com\/x\/TVI5L7vM\/\" alt=\"Bitcoin\" width=\"1814\" height=\"981\" \/><\/p>\n<p>Selby emphasized that a sustained close above this threshold with significant volume could shift the narrative from a mere short squeeze to a genuine momentum recovery.<\/p>\n<p>Featured image from OpenArt, chart from TradingView.com\u00a0<\/p>","protected":false},"excerpt":{"rendered":"<p>Bitcoin (BTC) is currently navigating a trading range between $60,000 and $73,000, entering what analytics platform CryptoQuant describes as \u201cthe most frustrating phase in the cycle.\u201d\u00a0 According to a recent analysis by CryptoQuant contributor MorenoDV, Bitcoin finds itself in a period characterized by heightened uncertainty, with market signals indicating more hesitation than firm conviction. Bear [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":37919,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[45],"tags":[],"class_list":{"0":"post-37918","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Bitcoin Enters \u2018Most Frustrating Phase,\u2019 CryptoQuant Says: A Look At What\u2019s To Come - Cryptomag<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptomag.finance\/?p=37918\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Enters \u2018Most Frustrating Phase,\u2019 CryptoQuant Says: A Look At What\u2019s To Come - Cryptomag\" \/>\n<meta property=\"og:description\" content=\"Bitcoin (BTC) is currently navigating a trading range between $60,000 and $73,000, entering what analytics platform CryptoQuant describes as \u201cthe most frustrating phase in the cycle.\u201d\u00a0 According to a recent analysis by CryptoQuant contributor MorenoDV, Bitcoin finds itself in a period characterized by heightened uncertainty, with market signals indicating more hesitation than firm conviction. 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