Bitcoin is out of its bear market. But expect a possible pullback. 

That’s according to analysts at crypto research firm CryptoQuant, who say the coin is behaving like it has done in the past. CryptoQuant founder, Ki Young Ju, wrote on X Tuesday that the asset had “entered into the early bull phase.”

Ju Pointed to movements bitcoin made in its last cycle before entering a bull market, and said the coin was currently doing the same thing. 

CryptoQuant research shows that bitcoin flows to derivative exchanges have started again, confirming that traders have entered “risk-on” mode, which “has marked the start of a new bull cycle” in the past. 

And another analyst at the…

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