Analysts: It's too early to talk about a Bitcoin bull market; demand is lagging behind capital outflows.

CoinFeed reported on April 17th, citing Cointelegraph, that Glassnode analyst CryptoViz.art stated it's too early to declare the start of a new Bitcoin bull market. Bitcoin's true market average is $78,013, and the current price below that level puts active holders at a loss. Since the price fell below this level on January 31st, it has remained below it for 75 days, currently showing a loss of approximately 5%. Historical data shows that in the cycles of 2018 and 2022, bottoms occurred between the 5th and 9th month. Meanwhile, capital continues to flow into the Bitcoin market.