According to ChainCatcher news and analysis from Matrixport, the Bitcoin market capitalization to realized cap ratio indicator has recently turned bullish again, a rare signal suggesting that Bitcoin may be regaining upward momentum. Independent analyst Markus Thielen observes that such indicators reversing direction in a short span of weeks is uncommon, but not without precedent—similar situations occurred in 2020 when identified as a mid-cycle slowdown. If this indicator can maintain positive momentum, Bitcoin is expected to set new all-time highs.
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Matrixport: Bitcoin market capitalization to realized value ratio returns to bullish range
According to ChainCatcher news and analysis from Matrixport, the Bitcoin market capitalization to realized cap ratio indicator has recently turned bullish again, a rare signal suggesting that Bitcoin may be regaining upward momentum. Independent analyst Markus Thielen observes that such indicators reversing direction in a short span of weeks is uncommon, but not without precedent—similar situations occurred in 2020 when identified as a mid-cycle slowdown. If this indicator can maintain positive momentum, Bitcoin is expected to set new all-time highs.