
How Deep Into the Bitcoin Bear Market Are We Now? w/ Julio Moreno
Published: February 2, 2026
Duration: 40:37
In this episode of The Milk Road Show, CryptoQuant analyst Julio Moreno returns to the show to break down why nearly every major Bitcoin indicator has flipped bearish since November, long before price fully rolled over. From ETF outflows, to the Coinbase premium turning negative, to stablecoin liquidity drying up, the data is painting a very clear picture: the structural drivers of a bull market are gone.
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