According to ChainCatcher, Bitcoin's bull-bear cycle indicator from CryptoQuant has turned green for the first time since 2023. On-chain data analyst Julio Moreno said this usually signals the market is shifting from a downtrend to a recovery phase. Historically, when the indicator exits the bear zone and enters the "Early Bull" range, the worst correction phase ends and the market structure begins to repair. Bitcoin has rebounded about 35% from the February lows near $60,000 but remains below the $82,000 resistance level. Many analysts emphasize that this indicator is more suitable for identifying market phase transitions rather than precise trading signals; confirmation requires sustained demand, improved liquidity, and stable prices at key levels.