
According to CryptoQuant data, analyst expectations for the Bitcoin market have deteriorated significantly in the last week, falling to -1.8.
AI-generated summary
CryptoQuant Analyst Consensus Index is a metric that measures the trend of change in analysts' market expectations.
On-chain analysis platform CryptoQuant provided important information through the Analyst Consensus Index, where it tracks analyst opinions. According to the platform's data, the index has decreased significantly in the last week. The index, which was at -1.0 on November 4, fell to -1.8 a week later today. This shows that the general expectation is quite low compared to normal levels.
According to this Analyst Consensus Index of CryptoQuant, if the 90-day average level is above 0 (zero), the expectations are interpreted as positive. +1.5 is considered “obviously optimistic” and +2 is considered “unusually optimistic.”
However, when the numbers go negative, negativity begins. -1.5 is seen as a “distinctly bearish expectation” and now the expectation has dropped to -1.8…
There are still more people who think positively…
This index does not represent the ratio of positive and negative analysts to each other, but the change in this ratio. CryptoQuant states that the number of analysts who think positively about the information it provides is still higher, but the change has turned negative. Currently, it is stated that 88 analysts expect an increase and 59 analysts expect a decrease. However, it is not stated how many positive views decreased from 88 to 88.
They gave 3 reasons
CryptoQuant shows three reasons as the reason for this change: Sharp outflows in Bitcoin ETFs, inflation fears in the USA, and recent sharp sales in technology stocks in the USA…
According to the company's comment; These three developments have seriously lowered analysts' expectations about Bitcoin. As seen in the chart below, the chart turns from green to red in the last days when the price has fallen. This actually clearly reveals the change in perspective seen in the last week.

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