The indicators indicate growth 💵 $BTC
▪️ STH-SOPR: indicates that short-term holders are experiencing large losses or gains. Suggests a possible reversal.
▪️ Price of $BTC and Operation ID: when open interest falls more than 12% in 7 days, it can be a good signal to buy.
▪️ Cyclical Signals of the PnL Index: this indicator combines several on-chain metrics. Currently indicates sales, as many are securing their profits.
▪️ Funding Rates: negative funding usually indicates distrust from traders. When the price starts to rise, it triggers a strong rebound.
▪️ Realized Price STH and LTH: an indicator that can indicate a buying opportunity on the dip if the price of BTC falls below the average purchase price of STH.
Only one item on this list indicates a sell, so the overall signal is growth.
However, all indicators point to growth, which paints a picture of an exceptionally bullish market; therefore, this could simply be a strong rebound.$