CryptoQuant dropped an amazing piece of news on Twitter: the Bitcoin bull market index (which really exists) jumped from a dismal 20 to a lively 80.
What does this mean?
Firstly, it means that the spot demand for Bitcoin is increasing. That is, people are buying it again not because they want to 'short altcoins' or 'jump into the hype', but because real money has started to flow into digital gold. Do you understand? Real dollars, not virtual 125x leverage.
Secondly, a mark of 80 on the sentiment index is not just 'hey, it might go up'. It's practically a shout:
"Buy while your mom doesn't know!"
Just a reminder, an index above 60 = bullish sentiment.
And 80? That's already borderline hyper-optimism.
Next stop — TikTok, where teenagers are explaining how to make a million just by 'catching a bounce'.
Numbers don't lie. And if they do — it's blockchain.
• Large purchases on Coinbase and Binance: volumes have sharply increased in recent days.
• BTC outflow from exchanges: over 30,000 coins in a week — that's about 2 billion dollars, if you round it and close your eyes to the fees.
• Institutional interest: BlackRock is applying for ETFs again, as if they were forced to do so by Chinese programmers.
• Network data from Glassnode and CryptoQuant: the volume held by long-term holders has reached a new record — 14.9 million BTC.
These are not just numbers. These are people who held on through the FTX crash, the Celsius scandals, and even through El Salvador's decision to create a Bitcoin city built on a volcano. If they didn't sell when Sam Bankman-Fried became a meme — then now they will never sell.
Who is losing?
• The one who sold at $26k because 'it's all over'.
• Regulators who still think that Bitcoin can be 'banned'.
• And of course, our favorite grandpa Buffett, who once called crypto 'rat poison'.
Well, you know, there's an old joke: if Bitcoin is poison, then who is the rat now? $BTC
