Bitcoin (CRYPTO: BTC) may be quietly transitioning into a new “winter phase,” even as prices remain historically elevated, a new report shows.
Bitcoin Entering New ‘Winter Phase’?
According to CryptoQuant, current conditions increasingly resemble the early stages of a broader downturn, with downside pressure gradually dominating.
This view remains unpopular.
High nominal prices, ETF adoption, institutional participation and stronger infrastructure make the present cycle feel structurally different from 2022.
However, market “winter” is defined less by price levels and more by weakening supply-demand dynamics, deteriorating capital flows and shifting sentiment.
Flow data adds to the caution.
While $10 billion in inflows during 2024 expanded Bitcoin’s market …