Bitcoin Sends Rare Dual Super Signal Why This is Significant

CoinJiexi.com reported:
Back-to-back “super signals” of Bitcoin imply explosive surge – last appeared before a rebound of 10,000%.
Over 94% of Bitcoin holders are profiting as trading volume trends suggest strong bullish sentiment in the future.
Bitcoin [BTC]
The volume oscillator recently emitted back-to-back “super signals,” a rare event that only occurs during a major bull market.
Historically, these signals precede massive rebounds, including a surge of over 10,000% in 2012 and 3,000% in 2016.
The most recent occurrence was in September 2023, preceding a 200% price increase, and another super signal appeared in October 2024.
“Super signals” occur when trading volume is extremely low in a bull market. Analysts suggest these conditions indicate accumulation as sellers decrease and buyer interest remains stable.
The absence of high-volume peaks further supports the bullish outlook, distinguishing it from the low-volume patterns associated with bear markets.
Bitcoin price increase and market data
As of the time of writing, the price of Bitcoin stands at $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% growth in the past seven days, demonstrating steady growth. The circulating supply of Bitcoin is 20 million BTC.
At the time of writing, open interest in Bitcoin futures has increased by 2.39%, reaching $40.69 billion, indicating increased trading activity and strengthening bullish sentiment.
CoinGlass data shows a 90.33% surge in trading volume, reaching $42.62 billion, while options trading volume has skyrocketed by 182.07% to $1.6 billion.
Open interest in options has also grown by 2.29% and currently stands at $24.31 billion. These indicators, consistent with the trend in Bitcoin price, suggest increasing optimism among traders.
Bullish sentiment
Data from IntoTheBlock shows that 94% of Bitcoin holders are profitable at the current price, indicating optimistic market sentiment.
Analysis also reveals that 71% of Bitcoin holders have held Bitcoin for over a year, indicating strong long-term holding behavior.
Meanwhile, 12% of Bitcoin’s supply is held by large holders, suggesting a moderate concentration of ownership among whales.
Furthermore, over the past week, exchanges have seen a net outflow of $234.54 million, indicating potential accumulation as investors move assets into cold storage.
Driven by institutional investors and large traders, over $105.29 billion in transactions occurred last week, with trades exceeding $100,000.
Reading
Bitcoin [BTC] price predictions
2024 – 2025
The geographical distribution of trading is fairly balanced, with 54% coming from the western region and 46% from the eastern region.
Overall, the occurrence of back-to-back super signals signifies a unique event in Bitcoin’s history and creates expectations for potential price trends similar to previous bull market cycles.