Golden finance reports that, according to Matrixport analysis, the ratio of Bitcoin's market capitalization to its realized market capitalization has re-entered the bullish zone. This reversal of on-chain data is typically quite rare, occurring only within a few weeks. A similar situation occurred in 2020, when it was considered a slowdown in the middle of the cycle. Analysts point out that the positive change in the current indicator may suggest that Bitcoin is likely to reach new historical highs. Although technical analysis and market outlooks usually lead on-chain data, the emergence of confirmation indicators still holds significant reference value. If this indicator can maintain positive momentum, the price of Bitcoin may further break through.