Long-Term On-Chain Support Levels Signal a Positive Outlook for Bitcoin
“1. The 7-day SMA of the Fund Flow Ratio has touched 0.05 and is now showing a slight rebound. This suggests that investors are beginning to trade on exchanges again. The 0.05 level has historically served as a major support line where the Fund Flow Ratio stops declining and starts to recover. This rebound typically occurs when a bear market or halving event concludes and a bull market begins, leading to significant long-term increases in Bitcoin’s price.
2. The 30-day SMA of the Estimated Leverage Ratio has formed a key support range between 0.15 and 0.175, and it is currently showing signs of recovery and upward movement. With the approval of futures ETFs after 2021 and the recent positive news regarding Bitcoin options trading, I believe the influence of this metric will continue to grow.
3. The 30-day EMA of Binary CDD is moving between 0.1 and 0.3, indicating that long-term holders are accumulating Bitcoin. When this value significantly increases, it often signals the end of a bull market.” –
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Avocado_onchain |
@cryptoquant_official