[Analysis: Bitcoin Cycle Indicators Suggest Correction May Not Be Over Yet; Rebound Doesn't Mean Selling Pressure Has Exhausted] BlockBeats reported on November 5th that CryptoZeno, a certified analyst at CryptoQuant, analyzed that the current Bitcoin market structure shows cyclical fervor is cooling, but extreme signals commonly seen near historical turning points have not yet appeared. The 30-day moving average of the Bitcoin Cycle Extremes Index has fallen to 15.8%, placing it in the "observation/mild pressure" zone. Currently, the BTC price has retraced approximately 46% from its previous all-time high, but the index remains well below levels representing active or extreme phases. The Cycle Extreme Oscillator also shows caution, with its 30-day moving average near the bottom of its historical range and significantly below the 1.0 threshold. This indicator previously spiked significantly during several active market phases in early 2021 and from 2024 to 2025, but a similar change has not yet occurred. Currently, BTC is closer to a correction and low-activity phase than a confirmed cycle bottom. Low indicator readings do not necessarily mean selling pressure has exhausted; further consolidation or even a new round of declines is possible. Going forward, it's crucial to monitor whether the cycle extreme index can sustain its recovery to the "active phase," and whether oscillators can recover in tandem. Until these signals appear, the cooling of market cycle momentum should not be mistaken for a trend reversal. [Original Link]