🔍【Bitcoin On-Chain Data Decoding】🔍

The Bitcoin on-chain indicator BCMI continues to decline and is currently below the equilibrium value, but still above the historical bottom area🤔.

Analysts believe that this is not just a market cooling, but a “structural reset” of price and on-chain momentum!💥📉

Historical data shows that the bottoms in 2019 and 2023 appeared when BCMI was between 0.25-0.35. So, the current market seems to be transitioning from a “pullback” to a “bear market” phase, rather than just a simple price pullback!🐻💔

Is the market undergoing a large-scale “downward transition”? The answer may lie in this set of data.🧠🔮

#美联储回购协议计划 #比特币与黄金战争 #加密市场观察 #SOL上涨潜力 #迷因币ETF $BTC $USD1 $FARM