$BTC Market Bull-Bear Analysis Summary

According to recent reports from Bitget News, the 50-day moving average of Bitcoin has crossed above the 200-day moving average, forming a 'golden cross', which is a typical bullish signal. At the same time, the regulatory environment regarding stablecoins is gradually becoming clearer, which also helps to boost institutional confidence.

On-chain data shows that Bitcoin researcher Axel Adler Jr. pointed out that if the NUPL/MVRV ratio can break through and maintain above 1.0, it may signal the start of a new bull market.