🚀 Bitcoin Bull Run on the Horizon? 📈

Recent on-chain metrics and historical patterns suggest Bitcoin may be gearing up for a significant rally.

🔑 Key indicators from CryptoQuant show increased market confidence, with the Fund Flow Ratio and Leverage Ratio trending upward:

â–ȘThe 7-day Simple Moving Average (SMA) of the Fund Flow Ratio is at 0.05, historically marking the end of bear markets.

â–ȘThe 30-day SMA of the Estimated Leverage Ratio is also rising, reflecting growing investor confidence and interest in futures and options.

â–ȘLong-term holders appear to be positioning themselves for potential gains, as indicated by the rise in Binary Coin Days Destroyed.

Historically, Bitcoin tends to break out 154-161 days post-halving, and with 157 days since the last halving, a breakout could be imminent.

📈 September has shown unexpected gains, and Bitcoin is now just 14.6% below its previous peak. Keep an eye on the market—big moves could be ahead!

đŸ€ @ENSIGN TRADING