A key Bitcoin onchain indicator has flashed its first ‘buy’ signal in nearly four years, drawing direct comparisons to the November 2022 bear market bottom, though analysts caution that BTC p
A key Bitcoin onchain indicator has flashed its first ‘buy’ signal in nearly four years, drawing direct comparisons to the November 2022 bear market bottom, though analysts caution that BTC price could still push lower before any lasting reversal takes hold.
Crypto analyst Axel Adler Jr., a CryptoQuant contributor, confirmed in a Friday blog post that the Advanced Net UTXO Supply Ratio has re-entered negative territory for the first time in close to four years. The metric measures the proportion of the Bitcoin supply that last moved at a profit versus a loss.
