CryptoQuant's bull-bear market cycle indicator reveals the cyclical nature of Bitcoin's price movements over recent years, oscillating between overbought (Overheated Bull) and oversold (Extreme Bear) phases. This pattern underscores the significant impact of market volatility and sentiment on Bitcoin's valuation.

As of 2024, Bitcoin appears to be in a transitional phase, showing early signs of recovery from the recent bear market. However, it remains uncertain whether the market is poised to enter a robust bull phase. This indicator is crucial for investors and traders, providing insights into optimal entry and exit points based on prevailing market conditions.