Metric suggests Bitcoin has been in a bear market for 2 months - Source: CoinTelegraph

Bitcoin may already be two months into a bear market, according to certain metrics such as the one-year moving average, says CryptoQuant’s head of research.

During an episode of the Milk Road show on Thursday, CryptoQuant’s Julio Moreno said most of the metrics he uses for the bull score index turned bearish in early November and have yet to recover.

The index measures market conditions using indicators like network activity, investor profitability, Bitcoin demand, and liquidity, and ranges from 0 to 100.

Story continues: https://cointelegraph.com/news/crypto-bear-market-began-november-cryptoquant