BTC may enter a new bullish phase, says analyst In a new report, the unknown analyst at CryptoQuant, SunflowrQuant, indicated that "a new bullish phase for Bitcoin may begin in the near term," as a key on-chain indicator shows positive signs.
SunflowrQuant evaluated the whale ratio on Bitcoin exchanges and found that the indicator has risen to a region that historically aligns with local price bottoms.$BTC