Recent data from CryptoQuant suggests that Bitcoin may be on the verge of a significant recovery, supported by key on-chain metrics. Several indicators, including the 7-day Simple Moving Average (SMA) of the Fund Flow Ratio, the 30-day SMA of the Estimated Leverage Ratio, and the 30-day Exponential Moving Average (EMA) of Binary Coin Days Destroyed (CDD), are reaching critical support levels, signaling a potential long-term bullish shift. These metrics indicate increased market confidence, active investor participation on exchanges, and accumulation of Bitcoin by long-term holders. The analysis concludes that these on-chain data movements are positive for Bitcoin's long-term growth, although the timing and magnitude of the potential price increases remain uncertain.
Stock Market Analysts Warned About Bitcoin (BTC): “The Uptrend Has Arrived, But In The Coming Days…”