{"id":125991,"date":"2025-03-28T09:24:03","date_gmt":"2025-03-28T09:24:03","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=125991"},"modified":"2025-03-28T09:24:03","modified_gmt":"2025-03-28T09:24:03","slug":"bitcoin-macro-index-bear-signal-puts-110k-btc-price-return-in-doubt","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=125991","title":{"rendered":"&#039;Bitcoin Macro Index&#039; bear signal puts $110K BTC price return in doubt"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsBitcoin (BTC) risks falling into a fresh bear market as a large collection of BTC price metrics has produced a \u201cbearish divergence.\u201d<br \/>\nIn a social media discussion on March 27, Bitcoin commentators flagged troubling signals from the Capriole Investments\u2019 Bitcoin Macro Index.<br \/>\nBitcoin Macro Index slump \u201cnot great,\u201d says creator<br \/>\nAs BTC\/USD struggles to return to the area around all-time highs, onchain metrics are beginning to lose their bull market edge.<br \/>\nThe Bitcoin Macro Index, created by Capriole in 2022, uses machine learning to analyze data from a large number of metrics that founder Charles Edwards says \u201cgive a strong indication of Bitcoin\u2019s relative value throughout historic cycles.\u201d<br \/>\n\u201cThe model only looks at onchain and macro-market data. Uniquely, price data and technical analysis is not considered as an input in this model,\u201d he explained in an introduction to the tool at the time.<br \/>\nSince late 2023, the metric has been printing lower highs while price prints higher highs, creating a \u201cbearish divergence.\u201d While common to previous bull markets, a potential implication is that BTC\/USD has already put in a long-term peak.<br \/>\n\u201cNot great,\u201d Edwards reacted while reposting a print of the Index uploaded to X by another user.\u00a0<br \/>\n\u201cBut&#8230; when Bitcoin Macro Index turns positive, I won&#8217;t be fighting it.\u201d<br \/>\nCapriole Bitcoin Macro Index. Source: @A_Trade_Academy\/X<br \/>\nBTC price metrics struggle to recover<br \/>\nVarious analytics sources have concluded that Bitcoin is suffering from macro turbulence this year.<br \/>\nRelated: Bitcoin price prediction markets bet BTC won\u2019t go higher than $138K in 2025<br \/>\nIn one of its \u201cQuicktake\u201d blog posts this week, onchain analytics platform CryptoQuant referenced four onchain metrics currently in a state of flux.<br \/>\n\u201cAll of these metrics suggest that Bitcoin is experiencing significant turbulence in the short to mid-term,\u201d contributor Burak Kesmeci said.<br \/>\n\u201cHowever, none of them indicate that Bitcoin has reached an overheated or cycle-top level.\u201d<br \/>\nBitcoin IFP chart (screenshot). Source: CryptoQuantThe list includes the Market Value to Realized Value (MVRV) and Net Unspent Profit\/Loss (NUPL), as well as the so-called Inter-Exchange Flow Pulse (IFP) metric, which flipped bearish in February.<br \/>\nFor this to change, Kesmeci concluded, IFP should return above its 90-day simple moving average (SMA).<br \/>\nThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.<a href=\"https:\/\/cointelegraph.com\/news\/bitcoin-macro-index-bear-signal-110k-btc-price-return-doubt?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsBitcoin (BTC) risks falling into a fresh bear market as a large collection of BTC price metrics has produced a \u201cbearish divergence.\u201d In a social media discussion on&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125991"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=125991"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125991\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=125991"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=125991"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=125991"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}