Bitcoin cycle momentum signals potential shift toward bear market

Bitcoin cycle momentum is showing signs of a potential bearish reversal, according to CryptoQuant analyst gaah_im.
The signal suggests that momentum conditions underlying the current $BTC cycle may be weakening, increasing the risk that the market transitions into a more defensive phase.
The indicator does not confirm a bear market on its own, but a sustained deterioration alongside weaker price structure and on-chain demand would strengthen the bearish case.