Bitcoin may be on the cusp of a significant recovery, supported by key on-chain metrics.
The 7-day Simple Moving Average (SMA) of the Fund Flow Ratio is currently at a crucial support level of 0.05, indicating the end of a bear market or the start of a new bullish phase.
The 30-day SMA of the Estimated Leverage Ratio is trending upwards, suggesting increased market confidence and potential growth in Bitcoin's price.
The 30-day Exponential Moving Average (EMA) of Binary Coin Days Destroyed (CDD) indicates that long-term Bitcoin holders are accumulating, further boosting Bitcoin's price in the future.