News from Coin World:
Source: Cryptoyao
Bitcoin sends out “super signals” in a row, indicating a substantial increase- is a 10,000% increase about to be realized?
Bitcoin’s consecutive “super signals” suggest explosive growth- the last time this happened was before a 10,000% increase.
Over 94% of Bitcoin holders have made profitable exits as trading volume trends indicate strong bullish sentiment for the future.
Bitcoin’s trading volume oscillation indicator recently sent out consecutive “super signals”, a rare event that only occurs during major bull markets.
Historically, such signals usually indicate large-scale rebounds, including a 10,000% increase in 2012 and a 3,000% increase in 2016.
The most recent occurrence was in September 2023, when Bitcoin’s price rose by 200%, and another super signal appeared in October 2024.
These “super signals” occur during periods of very low trading volume in bull markets. Analysts believe that these circumstances indicate hoarding, as the number of sellers decreases while buyer interest remains stable.
The absence of previous high trading volume peaks further supports the bullish prospects, distinguishing this phase from bearish low-volume patterns.
Bitcoin’s price increase and market data
As of press time, the price of Bitcoin is $68,378.05, with a market capitalization of $1.35 trillion and a 24-hour trading volume of $24.5 billion.
This marks a 5.96% increase in the past seven days, showing steady growth. The circulating supply of Bitcoin is 20 million BTC.
As of press time, Bitcoin futures open interest increased by 2.39% to reach $40.69 billion, indicating increased trading activity and potential bullish sentiment.
CoinGlass data shows a 90.33% increase in trading volume to $42.62 billion, while options trading volume soared by 182.07% to $1.6 billion.
Options open interest also increased by 2.29% to reach $24.31 billion. These indicators, consistent with the trend of Bitcoin prices, indicate a growing optimism among traders.
Bullish sentiment
Data from IntoTheBlock shows that 94% of Bitcoin holders are in a profitable position at the current price, indicating positive market sentiment.
The analysis also shows that 71% of Bitcoin holders have held positions for over a year, indicating strong long-term holding behavior.
Meanwhile, 12% of Bitcoin’s supply is held by large holders, indicating a moderate concentration of ownership by large entities.
In addition, exchanges saw a net outflow of $234.54 million in the past week, indicating potential accumulation as investors move assets into cold storage.
Driven by institutional investors and large traders, trading volumes exceeding $100,000 surpassed $105.29 billion last week.
The regional distribution of trades is relatively balanced, with 54% coming from the western region and 46% from the eastern region.
Overall, the consecutive occurrence of super events signifies a unique event in Bitcoin’s history, leading people to expect a similar trend in Bitcoin’s price to previous bull market cycles.
