In-Depth Analysis of CryptoQuant Data: BTC Has Not Entered a Deep Bear Market Yet, Ultimate Bottom May Be Around $55,000CryptoQuant notes that Bitcoin is not currently in a "deep bear" phase, and its so-called "ultimate" bottom is estimated to be around $55,000. This conclusion is based on a comprehensive analysis of multiple data points, including realized price, market profitability, and the behavior of long-term holders.