The NVT golden cross, a key indicator in the blockchain market, has issued a buy signal after a prolonged period, suggesting a potential local bottom. This signal is generated when the level reaches -1.6 or lower, while a level of 2.2 or higher generates a sell signal. This data can be utilized for both short-term and long-term trading strategies.

Furthermore, there's an emerging signal of a possible local bottom. However, for it to delve deeper into the green area, a price change of 5-10% could occur. Therefore, trades should be made with this in mind. This is a positive signal, indicating an optimistic outlook for the market.

This analysis, provided by XBTManager, underscores the importance of monitoring on-chain data and market trends in the blockchain and crypto sector.