Bitcoin’s Fifth Bull Market Signal Confirmed
- A holder cost basis crossover for Bitcoin has appeared for the fifth time, indicating a potential bull market.
- The calculation excludes long-term Bitcoin dormant for seven years, focusing on active holders.
- Spot Bitcoin ETFs drew $2.06 billion over three trading sessions from September 21 to September 23.
- The largest single-day inflow was $999 million on September 21, followed by $714.7 million and $346.9 million on subsequent days.
- More than 3.5 million BTC older than ten years remains dormant, with an estimated monthly growth of up to 30,000 BTC.
The recent holder cost basis crossover suggests a bullish trend in the market, supported by significant inflows into spot Bitcoin ETFs during the same period. The exclusion of dormant coins provides a clearer picture of active market dynamics.
This signal marks the fifth occurrence since previous signals in years like 2012 and 2015, reinforcing its significance as an indicator of potential market recovery (Source)
