Bitcoin price jumps 7% despite bearish metrics, as per CryptoQuant, a leading analytics platform. The Bitcoin Bull-Bear Market Cycle Indicator is at its most bearish level, and the MVRV Ratio Z-score has crossed the 365-day moving average, indicating a loss of upward price momentum. Currently trading at $82,910, Bitcoin saw a 7.5% spike following a stabilization in the US market and Senator Cynthia Lummis reintroducing the BITCOIN Act. However, some traders remain skeptical about the trend reversal, with concerns about a “fake pump.” CryptoQuant reported a decline in Bitcoin demand by 103,000 BTC, the fastest contraction since July 2024, attributed to uncertainty around US inflation rates and imposed tariffs. Whales have slowed Bitcoin accumulation, and spot ETFs in the US turned into net sellers. Although down 14% over the past month, CryptoQuant sees this drawdown as typical in past bull markets. If Bitcoin breaks current support levels, it could drop to $63,000. Swan Bitcoin CEO Cory Klippsten predicts a more than 50% chance of reaching all-time highs before June, with the current peak at $109,000 on Jan. 20. This article emphasizes that readers should conduct their own research before making investment decisions.