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Bitcoin Set for Major Bull Run? These 3 On-Chain Metrics Signal A Turning Point

  • 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.

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