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Crypto analyst Benjamin Cowen has identified unusual behavior in Bitcoin's Value Days Destroyed Multiple indicator, suggesting early signals of a potential rally.

The indicator has deviated from its typical behavior in previous bull cycles, notably in the months leading up to Bitcoin halving events.

As of Cowen's analysis, the Bitcoin Value Days Destroyed Multiple has reached a value of 2.62, significantly higher than levels observed in previous bull cycles, indicating a noteworthy trend that investors should closely monitor.