Analyst: The crypto market remains in a structural bear market defensive stance

Mars Finance News, on April 17th, crypto market analyst Axel released a report stating that since early 2026, capital has continuously flowed out of the Bitcoin network, leading to a sustained decline in market capitalization, with the growth rate of market value never turning positive. The current 30-day realized market value change remains negative (-0.32%), but it has narrowed compared to -0.54% in early April, indicating a slowdown in outflows, but a reversal has not yet been confirmed. Axel pointed out that as long as the growth differential remains negative, the market is still in a structural bear market defensive stance, and a bullish reversal will require a return of fresh capital inflows.

BTC-0.4%
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