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After enduring a long period of turbulent correction, is the "bull engine" of the cryptocurrency market finally about to restart? The on-chain data analysis firm CryptoQuant's "Bitcoin Bull-Bear Cycle Indicator" turned green on Wednesday, entering the "early bull market" zone, the first time since March 2023. Analyst Julio Moreno stated that this may indicate that "the market structure has begun to enter a recovery phase."
Julio Moreno further explained: "From historical experience, this is a key signal of a major shift in market dynamics. When the indicator officially exits the bear market and enters the early bull zone, it often suggests that the most severe correction period has been endured, and the market structure is being reshaped and strengthened."