The latest on-chain analysis shows: Bitcoin network liquidity is rapidly recovering, with key indicators highly consistent with Q3 2020 (before the bull market started). Institutional platform Swissblock has decisively shifted to aggressive allocation, releasing strong bullish signals.
On-chain liquidity is like 'miners digging wells': the deeper the well, the more water (capital) it can hold. After three historical liquidity recoveries (2016/2019/2020), BTC's average increase exceeded 400%.
Current institutional actions are worth noting: similar to the eve of BlackRock's ETF application in January 2023, large funds are strategically positioning themselves in advance of infrastructure.
Liquidity recovery ≠ immediate surges! But smart capital has already begun to act. Want to know how to capture bottom signals through on-chain data? Follow me, and tomorrow I will explain three key indicators in detail.