{"id":47384,"date":"2026-07-08T21:18:33","date_gmt":"2026-07-08T21:18:33","guid":{"rendered":"https:\/\/cryptomag.finance\/?p=47384"},"modified":"2026-07-08T21:18:33","modified_gmt":"2026-07-08T21:18:33","slug":"bitcoin-slips-to-62000-paring-rebound-as-cryptoquant-sees-room-higher","status":"publish","type":"post","link":"https:\/\/cryptomag.finance\/?p=47384","title":{"rendered":"Bitcoin Slips to $62,000, Paring Rebound as CryptoQuant Sees Room Higher"},"content":{"rendered":"

Bitcoin Magazine<\/a>
\n
\nBitcoin Slips to $62,000, Paring Rebound as CryptoQuant Sees Room Higher<\/a><\/p>\n

<\/div>\n

Bitcoin traded near $62,000 today, surrendering part of a rebound that had carried it to $64,000 from last week\u2019s bear-market low of $57,700. The pullback holds the price above the $60,000 level<\/a> that CryptoQuant<\/a> treats as support, though it trims a recovery of some 11% off the bottom.<\/p>\n

The dip came as CryptoQuant\u2019s Weekly Crypto Report, published today and shared with Bitcoin Magazine<\/em>, argued the backdrop skews toward further gains. Head of Research Julio Moreno framed the bounce as a bear-market recovery rather than a trend reversal, with one central caution: the firm\u2019s Bull Score Index, an aggregate of on-chain, market, and valuation conditions on a 0-to-100 scale, sits at 20, inside the bearish zone at or below 40 and short of the 60 reading tied to a sustainable bull market<\/a>.<\/p>\n

The report\u2019s bullish case rests on seasonality. Across the past decade, July has ranked among Bitcoin\u2019s stronger months, closing higher in most years shown.\u00a0<\/p>\n

The pattern held in the down-cycles<\/a> of 2018 and 2022, when Bitcoin gained some 20% and 17% during the month as the broader trend stayed weak. Entering July 2026 off a bear-market low, the report said, that pattern skews near-term risk toward gains.<\/p>\n

Bitcoin demand is turning<\/h2>\n

Demand has turned. The 30-day change in total demand \u2014 spot plus perpetual futures \u2014 collapsed to some -650,000 BTC in early June, the deepest negative reading since 2022, as Bitcoin fell toward $58,000.\u00a0<\/p>\n

It has since recovered toward neutral, with speculative futures demand crossing into positive territory and spot selling easing to its slowest pace since mid-May. A return to positive territory, the report said, would confirm a re-igniting demand engine.<\/p>\n

U.S. buyers show signs of stabilizing. The Coinbase Premium Index, a proxy for U.S. spot demand, sank below zero in early June as Bitcoin bottomed near $57,000, one of its weakest readings of the year.<\/p>\n

The premium remains under zero, though its path has tracked Bitcoin\u2019s climb off the low and points to steadier institutional appetite.<\/p>\n

Valuation added a floor. The on-chain trader unrealized profit\/loss margin, for coins held one to three months, dropped below -24% in early June, under the -12% threshold the firm treats as undervalued. Readings at such extremes tend to mark local bottoms as short-term holders capitulate, the report said, and the margin has recovered as price bounced off $57,700.<\/p>\n

Today\u2019s slip to $62,000 underscores the report\u2019s own hedge. CryptoQuant reads the market as off its lows, with improving internals but a bearish regime intact.\u00a0<\/p>\n

A durable rally, it concluded, would require the Bull Score Index to climb above 60. Until then, the firm treats the move as a recovery within a bear market, not a reversal \u2014 a framing this week\u2019s give-back does little to challenge.<\/p>\n

This post Bitcoin Slips to $62,000, Paring Rebound as CryptoQuant Sees Room Higher<\/a> first appeared on Bitcoin Magazine<\/a> and is written by Micah Zimmerman<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin Magazine Bitcoin Slips to $62,000, Paring Rebound as CryptoQuant Sees Room Higher Bitcoin traded near $62,000 today, surrendering part of a rebound that had carried it to $64,000 from last week\u2019s bear-market low of $57,700. The pullback holds the price above the $60,000 level that CryptoQuant treats as support, though it trims a recovery […]<\/p>\n","protected":false},"author":1,"featured_media":47385,"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":["post-47384","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin"],"yoast_head":"\nBitcoin Slips to $62,000, Paring Rebound as CryptoQuant Sees Room Higher - 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=47384\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Slips to $62,000, Paring Rebound as CryptoQuant Sees Room Higher - Cryptomag\" \/>\n<meta property=\"og:description\" content=\"Bitcoin Magazine Bitcoin Slips to $62,000, Paring Rebound as CryptoQuant Sees Room Higher Bitcoin traded near $62,000 today, surrendering part of a rebound that had carried it to $64,000 from last week\u2019s bear-market low of $57,700. 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