CryptoQuant says Bitcoin hasn’t hit full capitulation, flags $55K as potential bear market backside after $5.4B Feb. 5 sell-off.
Bitcoin stays below stress as analysts assess whether or not the market has reached a cycle low.
Onchain knowledge agency CryptoQuant acknowledged that Bitcoin has not but shaped a “full capitulation” backside. The agency added that a number of indicators nonetheless level to a unbroken bear part.
Onchain Knowledge Exhibits Bear Section, Not Excessive Capitulation
CryptoQuant reported that key onchain indicators stay in a “bear part.” The agency mentioned they haven’t entered the “excessive bear part” seen at historic cycle bottoms.
Previous market lows confirmed deeper stress throughout a number of metrics.
CryptoQuant mentioned Bitcoin has not but proven a “full capitulation” backside, with a number of key onchain indicators nonetheless in a “bear part” moderately than the “excessive bear part” usually seen at historic cycle lows. CryptoQuant famous that whereas Bitcoin’s Feb. 5 sell-off noticed about $5.4…
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The corporate screens realized losses, investor habits, and community exercise.
In line with its newest replace, these alerts don’t but match prior backside formations. The info means that the market has not reached peak capitulation ranges.
CryptoQuant acknowledged that historic cycle lows had been marked by broad panic promoting. These intervals confirmed sustained and elevated realized losses.
Present readings stay beneath these prior extremes.
Feb. 5 Promote-Off Logged $5.4B in Realized Losses
Bitcoin’s sell-off on Feb. 5 resulted in about $5.4 billion in realized losses in at some point. That determine marked one of many bigger day by day loss occasions of the present cycle.
Nevertheless, CryptoQuant mentioned month-to-month cumulative realized losses stay decrease than previous bear market bottoms.
The agency defined that prior cycle lows confirmed extended intervals of heavy losses. These losses accrued over weeks or months. The latest knowledge has not but reached comparable ranges.
Realized losses measure the worth of cash offered beneath their acquisition worth. This metric is commonly used to gauge capitulation.
CryptoQuant indicated that the broader pattern doesn’t but verify a remaining backside.
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CryptoQuant Estimates $55,000 as Final Backside Stage
CryptoQuant acknowledged that its mannequin locations the “final bear-market backside” close to $55,000.
The estimate is predicated on historic patterns and valuation metrics. The agency emphasised that such ranges should not assured outcomes.
Bitcoin’s ‘final’ bear market backside is round $55,000, says CryptoQuant.
Key onchain indicators stay in a Bear Section moderately than the Excessive Bear Section seen at previous cycle bottoms, @cryptoquant_com mentioned. pic.twitter.com/aUeK8ITTfb
— Yogita Khatri (@Yogita_Khatri5) February 13, 2026
It additionally famous that market bottoms usually take time to type. Previous cycles confirmed that restoration phases adopted prolonged consolidation intervals. Fast reversals had been much less widespread at main cycle lows.
CryptoQuant mentioned the present construction suggests extra time could also be wanted.
The agency continues to trace onchain indicators for indicators of deeper stress. For now, it maintains that Bitcoin has not but reached a confirmed bear market backside.