CryptoQuant: The Market Has Entered a Phase of Structural Adjustment, Continued Downtrend Still Highly Likely

By: theblockbeats.news|2025/12/05 17:16:00

0

Share

copy

BlockBeats News, December 5th, CryptoQuant analyst @AxelAdlerJr combined Bitcoin on-chain signal indicators' analysis and stated that the current market has entered a deep adjustment phase, which lasted for one year in the previous cycle. The current Bitcoin's largest drawdown from its all-time high is -32%, in the intermediate zone between a deep pullback and market bottoming, there is still a risk of continued decline if the macroeconomy and on-chain signals do not improve.

In summary, the current signal combination indicates that the market has entered a structural adjustment phase: the NUPL corresponds to bear market territory in history, and the -32% drawdown has exceeded the typical periodic correction. As long as there are no signs of improvement in on-chain and macro indicators, the possibility of continued decline remains high, recovery takes time, and a shift in the network's sentiment within the profit-loss structure is needed.

-- Price

You may also like

Dan Bin takes action, building a position in Circle

Dan Bin takes action, building a position in Circle

If Web3 only stays at the level of price and narrative, traditional capital will find it difficult to truly enter; but once a group of companies that can be clearly explained and included in balance sheets begins to emerge, the way the industry participates will change.

The Impossible Triangle of DeFi Lending

The Impossible Triangle of DeFi Lending

Borrowers want fixed interest rates, while lenders seek immediate liquidity; this is the dilemma of on-chain lending, where both cannot be achieved simultaneously.

Bitcoin ETF News: Why Bitcoin Is Falling Even After $2.43B ETF Inflows in April

Bitcoin ETF News: Why Bitcoin Is Falling Even After $2.43B ETF Inflows in April

Bitcoin ETF news today shows $2.43B in April inflows as institutions absorbed thousands of BTC, yet the price dropped from $79K to $76K. Traders are now watching whether the $80K resistance breaks or triggers another pullback.

What Is RWA in Crypto? Real-World Assets Explained (2026 Guide)

What Is RWA in Crypto? Real-World Assets Explained (2026 Guide)

What Is RWA in Crypto?RWA stands for Real-World Assets — traditional financial assets like bonds, real estate, gold, and private credit that have been converted into blockchain tokens.

Revisiting RWA: Nearly 50,000 people's first on-chain transaction was not Bitcoin, but stock indices and crude oil

Revisiting RWA: Nearly 50,000 people's first on-chain transaction was not Bitcoin, but stock indices and crude oil

The narrative of RWA is not about traditional finance trying to capture crypto users, but rather crypto trying to capture traditional users.

Altcoin Price Outlook 2026: The Rotation Is Coming — Just Not the Way You Think

Altcoin Price Outlook 2026: The Rotation Is Coming — Just Not the Way You Think

Bitcoin dominance at 58%, Fear & Greed at 39. If you think altcoin season is dead, you're reading the wrong signals. Here's what the data actually says about what comes next.

Oracle: The Second Battlefield Behind the Prediction Market War

Oracle: The Second Battlefield Behind the Prediction Market War

By 2026, the oracle track has essentially evolved from the early "data pipeline" into a "verifiable facts layer" that supports the entire on-chain economy, and prediction markets serve as a magnifying glass to observe the competition in this red ocean.

a16z's key bet: Kalshi's weekly trading volume approaches $3 billion, transitioning from "prediction games" to financial infrastructure, the market begins to price "uncertainty."

a16z's key bet: Kalshi's weekly trading volume approaches $3 billion, transitioning from "prediction games" to financial infrastructure, the market begins to price "uncertainty."

The evolution of prediction markets: from niche products to "uncertainty pricing" infrastructure

Morning Report | Galaxy Digital announces Q1 2026 financial report; Liquid completes $18 million Series A financing; Polymarket plans to bring major exchanges to the U.S

Morning Report | Galaxy Digital announces Q1 2026 financial report; Liquid completes $18 million Series A financing; Polymarket plans to bring major exchanges to the U.S

Overview of Important Market Events on April 28

From a banned economist to the new CEO of Xinhua: Fu Peng has figured out the second half of traffic

From a banned economist to the new CEO of Xinhua: Fu Peng has figured out the second half of traffic

This uproar in the crypto circle appears to be a cultural conflict between a traditional economist and a crypto OG, but looking deeper, it is merely the new fire leveraging Fu Peng's influence in the traditional financial sector to pry open a batch of client funds that were originally difficult to r...

Why Private Credit Became the First True Bridge from TradFi to DeFi

Why Private Credit Became the First True Bridge from TradFi to DeFi

Unveiling the core logic of private credit leading RWA: it is no longer just simple tokenization, but rather a true reshaping of the practical value of asset on-chain through real returns and deep integration with the DeFi ecosystem.

Senior cryptocurrency investor: Blockchain is showing a siphoning effect on capital

Senior cryptocurrency investor: Blockchain is showing a siphoning effect on capital

Stablecoins are the first real-world assets on the blockchain, but they will not be the last. Every billion dollars in stablecoins generates $12.2 billion in economic activity and $19 million in protocol revenue annually; once capital is on the blockchain, it gains productivity and does not go back.

When traditional crypto derivatives start to subtract: Insights from Hyper Trade's products

When traditional crypto derivatives start to subtract: Insights from Hyper Trade's products

Say goodbye to complex contracts, as crypto derivatives begin to "subtract": This article breaks down how Hyper Trade reduces hardcore risk pricing into "second-level multiple-choice questions," reshaping the trading experience for retail investors.

My view on blockchain has changed

My view on blockchain has changed

In-depth Reflection on the Value of Blockchain Applications and the Time Dimension

Will AI Agents use bank cards? Why can't Agentic Payment avoid stablecoins and blockchain?

Will AI Agents use bank cards? Why can't Agentic Payment avoid stablecoins and blockchain?

Why can't AI agents just swipe bank cards? An article to understand the new tiered payment system: stablecoins and blockchain are becoming the exclusive settlement language and verifiable trust foundation of the "machine economy" era.

Deconstructing 80 mainstream payment institutions and wallets worldwide

Deconstructing 80 mainstream payment institutions and wallets worldwide

A comprehensive analysis of the global top 100 payment companies. Led by Alipay and WeChat, this article provides insights into the business logic and competitive advantages of over 80 top players.

The MiCA Fast Track for Cryptocurrency Licenses: Why OKX and BVNK Choose Malta

The MiCA Fast Track for Cryptocurrency Licenses: Why OKX and BVNK Choose Malta

Countdown to the EU MiCA Licensing: Why do crypto giants like OKX choose Malta for their "first license"? A deep dive into the CASP license application process, business portfolio logic, and compliance pitfalls guide.

a16z Crypto: Stablecoins are rebuilding the global financial infrastructure

a16z Crypto: Stablecoins are rebuilding the global financial infrastructure

Stablecoins are evolving from cryptocurrency trading tools into a new infrastructure for global finance. They are not only changing cross-border payments but are also driving bank connectivity, corporate finance, foreign exchange liquidity, on-chain credit, and the globalization of the dollar into a...

Dan Bin takes action, building a position in Circle

If Web3 only stays at the level of price and narrative, traditional capital will find it difficult to truly enter; but once a group of companies that can be clearly explained and included in balance sheets begins to emerge, the way the industry participates will change.

The Impossible Triangle of DeFi Lending

Borrowers want fixed interest rates, while lenders seek immediate liquidity; this is the dilemma of on-chain lending, where both cannot be achieved simultaneously.

Bitcoin ETF News: Why Bitcoin Is Falling Even After $2.43B ETF Inflows in April

Bitcoin ETF news today shows $2.43B in April inflows as institutions absorbed thousands of BTC, yet the price dropped from $79K to $76K. Traders are now watching whether the $80K resistance breaks or triggers another pullback.

What Is RWA in Crypto? Real-World Assets Explained (2026 Guide)

What Is RWA in Crypto?RWA stands for Real-World Assets — traditional financial assets like bonds, real estate, gold, and private credit that have been converted into blockchain tokens.

Revisiting RWA: Nearly 50,000 people's first on-chain transaction was not Bitcoin, but stock indices and crude oil

The narrative of RWA is not about traditional finance trying to capture crypto users, but rather crypto trying to capture traditional users.

Altcoin Price Outlook 2026: The Rotation Is Coming — Just Not the Way You Think

Bitcoin dominance at 58%, Fear & Greed at 39. If you think altcoin season is dead, you're reading the wrong signals. Here's what the data actually says about what comes next.

Contents

Popular coins

Latest Crypto News

01:42

Coinbase survey: Over 70% of cryptocurrency investors believe Bitcoin is undervalued, and the market may be at the end of a bear market

Coinbase and Glassnode's latest global investor survey shows that over 70% of cryptocurrency investors believe Bitcoin is currently undervalued, with 82% of institutional investors and 70% of non-institutional investors thinking the market is in the "late bear market" or "value retracement phase." T...

00:42

Analyst: Traders may reduce risk exposure before the Federal Reserve's decision

According to Jinshi News, Pepperstone analyst Michael Brown stated that traders may reduce their exposure to risk assets before the Federal Reserve announces its interest rate decision at 2 AM Beijing time on April 30. He pointed out that given the upcoming event risks, many participants will want t...

00:42

Data: In the past 4 hours, the entire network has liquidated 109 million USD, mainly from long positions

The cryptocurrency market has been continuously declining. According to Coinglass data, in the past 4 hours, the total liquidation across the network was 109 million USD, with long positions liquidated at 93.385 million USD and short positions liquidated at 15.1367 million USD.In the past 24 hours, ...

00:42

Ripple expands cooperation with Bullish, Ripple Prime will connect to Bullish's Bitcoin options market

According to Crowdfund Insider, Ripple and the digital asset trading platform Bullish announced an expansion of their long-term partnership, with Bullish's Bitcoin options market opening to Ripple Prime institutional clients.According to the announcement from both parties, this integration will allo...

00:42

Data: The current 8-hour average funding rate for BTC across the entire network is -0.0022%

According to Coinglass data, the current average funding rate for BTC across the network over 8 hours is -0.0022%. Among the current mainstream exchanges, the rate on Binance is 0.0036%, OKX is 0.0018%, Bybit is -0.0061%, and Gate is -0.0038%.