📉 Weekend BTC sluggish, major players silent? On-chain data, however, releases important signals!

This weekend, Bitcoin continued to hover in the 92,000-95,000 range, with market sentiment low and a strong sense of wait-and-see. There is still a significant gap from the previous high of $108,786, and confidence in returning to high levels is gradually being eroded.

But new indicators have emerged on-chain! 📊

🔍 The 30-day OI Delta has returned to levels seen before Bitcoin peaked at $73,737 at the beginning of the year, showing a clear cyclical rhythm (alternating positive and negative), suggesting that major players may be in the positioning phase.

🔍 The 180-day OI Delta remains near low levels, close to the negative zone — historically, this signal usually appears at the bottom formation or on the eve of a bull market!

📌 If it further breaks below the zero axis, it may enter a consolidation phase for accumulation; if it reverses upward, it could herald a wave of intense market activity.

🎯 Current OI growth has not replicated the craziness of last year's fourth quarter, and investor behavior may be showing signs of a 'fractal structure' evolution.

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