🚀 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:
▪️The 7-day Simple Moving Average (SMA) of the Fund Flow Ratio is at 0.05, historically marking the end of bear markets.
▪️The 30-day SMA of the Estimated Leverage Ratio is also rising, reflecting growing investor confidence and interest in futures and options.
▪️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!
