📰 【Analyst: The Cryptocurrency Market Remains in a Structural Bear Market Defensive State】

BlockBeats News, April 17 — Cryptocurrency market analyst Axel released a report stating that since early 2026, capital has continuously flowed out of the Bitcoin network, leading to a sustained decline in market capitalization, with the growth rate never turning positive. Currently, the 30-day realized market cap change remains negative (-0.32%), but it has narrowed from -0.54% in early April, indicating a slowdown in outflows but no confirmed reversal. Axel pointed out that as long as the growth difference remains negative, the market is still in a structural bear market defensive state, and a bullish reversal requires the return of fresh capital inflows.
$BTC Still bleeding, and this can be called news? The data is right there — negative is negative, and a few basis points of narrowing just make some people start fantasizing about a reversal. Without new capital entering the market, relying solely on existing holdings, drawing more lines is just self-deception. Structural bear market? Nice words — it just means no money. When on-chain net inflow turns positive again, then come talk to me about a bull market. 👇👇👇👇👇