Most Bitcoin On-Chain Indicators Signal a New Bear Market Cycle

Bitcoin continues to trade near $92,000 after this week’s rebound, yet a growing cluster of on-chain indicators now suggests the market has already slipped into a bearish cycle.   This stands in sharp contrast to recent predictions from market leaders like Tom Lee and Arthur Hayes, who argue Bitcoin could still close the year significantly higher. Bullish Predictions Clash With Data Lee recently softened his earlier $250,000 target and now expects Bitcoin to remain above $100,000 into year-end.   Meanwhile, Arthur Hayes maintains a much more aggressive view, calling the recent dip to the low $80,000s a cycle bottom and forecasting a potential move toward $200,000–$250,000 source: https://beincrypto.com/on-chain-data-dismisses-lee-hayes-bitcoin-predictions/