Two Signals Flashed at Once in Bitcoin, Bringing It 2x the Last Time: It's in the Historical Bottom Zone!

Santiment said that the signal that made Bitcoin (BTC) rise by 132% last time was lit again.

On-chain data and analysis platform Santiment, in a post published on Twitter on July 8, said that there were very strong bullish signals after Bitcoin retreated to $ 55,400 levels.

Stating that the average return of active investors last year was only 1.8%, Santiment stated that this was the lowest level seen since the price of Bitcoin was around 20 thousand dollars on March 11.

It was emphasized that both the 30-day and 365-day MVRV rates, which express the ratio between the market value and "realized value" of Bitcoin, one of the most valuable signals of the entire cryptocurrency market, are in the negative region.

Santiment stated that someone who purchased the last time this situation occurred would have made a profit of nearly 2.5x, and used the following statements:

If you had bought at the last time when both of these lines were in negative territory, your return on BTC would have been +132%.

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