On-chain metrics are strongly indicating the onset of a bear market, driven by a significant reduction in fresh liquidity and new whales offloading Bitcoin at reduced prices.
alerts were notified of this signal several days ago, giving them an opportunity to adjust their positions accordingly. I am now sharing this update publicly.
The alert utilizes Principal Component Analysis (PCA) applied to key on-chain indicators, including MVRV, SOPR, and NUPL, to calculate a 365-day moving average. This methodology effectively highlights inflection points where the trend of the 1-year moving average shifts.
Please refer to the chart below for a detailed breakdown. I have thoroughly verified the data to ensure its accuracy.
