Is Bitcoin’s On-Chain Data Starting to Turn Bullish?
Institutional Crypto Research Written by Experts
We now include a conclusion at the end of each report to help readers quickly grasp the key takeaways and core message.
Topics: On-Chain, Positioning👇1-15) Several of our on-chain indicators have been signaling a Bitcoin correction since February. At the same time, the technical breakdown from an ascending broadening wedge confirmed the move (here), the on-chain data provided early conviction of a more sustained decline. The break below the short-term realized price triggered a wave of liquidations, initiating the sharp drop from $95,000. We’re now approaching a critical juncture where it’s important to reassess these on-chain metrics to determine whether they are nearing a bullish reversal or still firmly in bearish territory.
Our Bitcoin (LHS) futures positioning ‘bull’ vs. ‘bear’ signal (RHS)
