CryptoQuant Warning: Bitcoin Rebound Losing Steam, "Bull Market Index Hits Two and a Half Year Low," Key Resistance Level at $84,000–$96,000
Original Article Title: "CryptoQuant Warning: Bitcoin Rebound Weakens, 'Bull Market Index Hits Two and a Half Year Low,' Key Resistance Level at $84-96K"
Original Article Author: James, BlockTempo of DooArea and Trend
According to the CryptoQuant Insights report, following Trump's announcement of a 90-day tariff suspension, Bitcoin experienced a rebound, and the declines in ETH and XRP also narrowed. Despite the market rebound, CryptoQuant's "Bull Market Score Index" has dropped to 10, hitting its lowest level since November 2022, requiring a breakthrough of 40 to demonstrate a sustained bullish trend.
CryptoQuant points out that Bitcoin's current resistance level is between $84,000 and $96,000. If the uptrend weakens, the price increase will be limited, similar to the trend during past bearish market cycles. While the tariff suspension eased trade tensions, it did not reverse on-chain fatigue indicators such as declining network activity and weak stablecoin liquidity. Bitcoin saw a massive 27% drop earlier this week, marking the largest decline of this cycle and highlighting its vulnerability. CryptoQuant concludes that the trend of the Bull Market Index will depend on whether investor confidence can be reignited, and the market needs to remain vigilant.
Santiment: Tariff Exemption Policy Drives Market Rebound
According to the Santiment report, the tariff exemption policy announced by Trump over the weekend stimulated the crypto market's rise, significantly alleviating the high import cost pressure faced by the tech sector. The price of Bitcoin rose to a weekend high of $85,900, breaking through the resistance level near $83,000.
Historical data shows that assets like Bitcoin usually move in sync with the tech sector, especially when investors lean towards risk assets. Strong performance in tech stocks often boosts investor confidence in purchasing cryptocurrencies. Therefore, the tariff exemption policy indirectly eased the pressure on the crypto market.
Furthermore, Santiment points out that the tariff exemptions for semiconductors and computer parts have long-term benefits for the crypto ecosystem. These components are vital for crypto mining, blockchain infrastructure development, and AI-driven crypto tool creation. If these parts can continue to be supplied and priced reasonably, it will help the industry run smoothly.
This means that the operations of crypto exchanges, wallet service providers, and blockchain tech startups will be more seamless.
Although Trump's trade policy remains complex and unpredictable, Santiment believes that this specific exemption for tech devices provides clear short-term policy direction and eases the pressure on the crypto market. Investor confidence has been strengthened, and the inflation risk for consumer electronics has also eased, allowing businesses to address tariffs without raising prices or cutting back on innovation.
Santiment summarized that the market has experienced a mild upward reaction, with expectations of a stock market rise on Monday as well, further boosting Bitcoin and altcoins. However, after the initial reaction, the market will become more uncertain, and the general public's FOMO (Fear of Missing Out) sentiment may dampen the uptrend.
You may also like

February 9th Market Key Intelligence, How Much Did You Miss?

After being questioned by Vitalik, L2s are collectively saying goodbye to the "cheap" era
WEEX AI Trading Hackathon Paris Workshop Reveals: How Retail Crypto Traders Can Outperform Hedge Funds
Witness how WEEX's Paris AI Trading Hackathon revealed AI's edge over human traders. Explore key strategies, live competition results & how to build your own AI trading bot.

U.S. Oil (USOR) Price Prediction 2026–2030
Key Takeaways U.S. Oil (USOR) is a speculative Solana-based crypto project that aims to index the United States…

USOR Surges on Meme Narrative Despite No Real-World Asset Backing
Key Takeaways: USOR, a Solana-based token, has seen a notable surge driven by speculative narratives rather than verifiable…

How to Buy U.S. Oil Reserve (USOR) Cryptocurrency
Key Takeaways U.S. Oil Reserve (USOR) is a Solana-based token primarily traded on decentralized exchanges (DEXs). Claims have…

USOR vs Oil ETFs: Understanding Why the ‘Oil Reserve’ Token Doesn’t Track Crude Prices
Key Takeaways The U.S. Oil Reserve (USOR) token has become noteworthy for its claims, yet it does not…

Trend Research Reduces Ether Holdings After Major Market Turbulence
Key Takeaways: Trend Research has significantly cut down its Ether holdings, moving over 404,000 ETH to exchanges recently.…

Investors Channel $258M into Crypto Startups Despite $2 Trillion Market Sell-Off
Key Takeaways: Investors pumped approximately $258 million into crypto startups in early February, highlighting continued support for blockchain-related…

NBA Star Giannis Antetokounmpo Becomes Shareholder in Prediction Market Kalshi
Key Takeaways: Giannis Antetokounmpo, the NBA’s two-time MVP, invests in the prediction market platform Kalshi as a shareholder.…

Arizona Home Invasion Targets $66 Million in Cryptocurrency: Two Teens Charged
Key Takeaways Two teenagers from California face serious felony charges for allegedly attempting to steal $66 million in…

El Salvador’s Bukele Approval Reaches Record 91.9% Despite Limited Bitcoin Use
Key Takeaways: El Salvador President Nayib Bukele enjoys a record high approval rating of 91.9% from his populace,…

Crypto Price Prediction for February 6: XRP, Dogecoin, and Shiba Inu’s Market Movements
Key Takeaways: The crypto market experienced a notable shift with Bitcoin’s significant surge, impacting altcoins like XRP, Dogecoin,…

China Restricts Unapproved Yuan-Pegged Stablecoins to Maintain Currency Stability
Key Takeaways: China’s central bank and seven government agencies have banned the issuance of yuan-pegged stablecoins abroad without…

Solana Price Prediction: $80 SOL Looks Scary – But Smart Money Just Signaled This Might Be the Bottom
Key Takeaways Despite Solana’s descent to $80, some traders find security as smart money enters the fray, suggesting…

XRP Price Prediction: Major Ledger Upgrade Quietly Activated – Why This Could Be the Most Bullish Signal Yet
Key Takeaways: The activation of the Permissioned Domains amendment on XRPL represents a significant development in XRP’s potential…

Dogecoin Price Prediction: Death Cross Confirmed as DOGE Falls Below $0.10 – Is DOGE Reaching Zero?
Key Takeaways The death cross event signals potential bearish trends for Dogecoin as its price dips under $0.10,…

Stablecoin Inflows Have Doubled to $98B Amid Selling Pressure
Key Takeaways Stablecoin inflows to crypto exchanges have surged to $98 billion, doubling previous levels amidst heightened market…
February 9th Market Key Intelligence, How Much Did You Miss?
After being questioned by Vitalik, L2s are collectively saying goodbye to the "cheap" era
WEEX AI Trading Hackathon Paris Workshop Reveals: How Retail Crypto Traders Can Outperform Hedge Funds
Witness how WEEX's Paris AI Trading Hackathon revealed AI's edge over human traders. Explore key strategies, live competition results & how to build your own AI trading bot.
U.S. Oil (USOR) Price Prediction 2026–2030
Key Takeaways U.S. Oil (USOR) is a speculative Solana-based crypto project that aims to index the United States…
USOR Surges on Meme Narrative Despite No Real-World Asset Backing
Key Takeaways: USOR, a Solana-based token, has seen a notable surge driven by speculative narratives rather than verifiable…
How to Buy U.S. Oil Reserve (USOR) Cryptocurrency
Key Takeaways U.S. Oil Reserve (USOR) is a Solana-based token primarily traded on decentralized exchanges (DEXs). Claims have…