Bitcoin sell pressure showing signs of relief according to Binance Research's latest on-chain analysis.
Key metrics flipping bullish:
📊 4 critical on-chain indicators suggesting the worst may be behind us
This could mark a local bottom if these signals hold. Watch for:
- Exchange outflows accelerating
- Long-term holder accumulation picking up
- Realized price levels stabilizing
- Funding rates normalizing
Sell-side exhaustion often precedes strong bounces. Not calling the bottom yet, but risk/reward starting to look interesting here.
BTC currently digesting recent weakness. If on-chain data confirms the shift, we might see renewed momentum soon.
NFA but worth monitoring these metrics closely 👀