Is Bitcoin’s On-Chain Data Starting to Turn Bullish?

👇1-15) Several of our on-chain indicators have been signaling a Bitcoin correction since February.

At the same time, the technical breakdown from an ascending broadening wedge confirmed the move (see February 25 report), the on-chain data provided early conviction of a more sustained decline.

The break below the short-term realized price triggered a wave of liquidations, initiating the sharp drop from $95,000.

We’re now approaching a critical juncture where it’s important to reassess these on-chain metrics to determine whether they are nearing a bullish reversal or still firmly in bearish territory.

👇2-15) Full report: https://update.10xresearch.com/p/is-bitcoin-s-on-chain-data-starting-to-turn-bullish

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