📣 Hey, crypto enthusiasts! 🚀 The BTC market might be on the rebound, according to CryptoQuant's latest data.

• Bullish momentum is on the rise 📈

• BTC demand is picking up steam

• Stablecoin liquidity growth is speeding up

The Bitcoin Bull-Bear Market Cycle indicator suggests we're in the least bullish state since the 2023 banking crisis. But with BTC around $61k, we need more bullish momentum to recover.

• BTC demand growth needs to match Q1 levels

• Permanent Bitcoin holders are buying at a monthly pace of 72k BTC

• Bitcoin’s ultimate price support level is $56k

Positive on-chain unrealized profit margins could signal incoming rallies. Increased BTC flow to Coinbase indicates a rise in U.S. investor demand.

• Stablecoin liquidity growth is crucial for price increases

What do you think? Has Bitcoin bottomed out? Share your thoughts below! 💭 #Bitcoin #CryptoMarket #DeFi