In March 2026, sentiment among on-chain analysts has begun to shift more positively. One platform highlighting this change is unbias, an AI-driven analytics site that identifies the top 1% of crypto analysts based on verified prediction accuracy rather than follower counts. The platform tracks over 250 analysts in real time and aggregates their forecasts into an “Analyst Consensus Index.” Each prediction is evaluated against market outcomes after 30 days, ensuring that analysts are judged by measurable track records rather than social media influence.
According to unbias data, analyst sentiment has gradually turned more constructive in recent weeks. Similar views are emerging from several CryptoQuant analysts.
Leo Ruga highlights Bitcoin’s Net Unrealized Profit/Loss (NUPL), which recently rose to 0.253, reclaiming the 0.25 “Optimism” threshold after three weeks below it. Importantly, this shift was driven more by a decline in unrealized losses than by a surge in profits, suggesting that market stress is easing rather than speculative enthusiasm returning.
Meanwhile, I. Moreno points to a structural liquidity signal. Bitcoin’s Inter-Exchange Flow Pulse (IFP) has crossed above its 90-day moving average, historically a pattern seen near early phases of new market expansions when exchange liquidity circulation begins to recover.
GugaOnChain also notes a potential “Great Transfer.” Over the past 30 days, large investors accumulated roughly 610,516 BTC, compared with only about 6,415 BTC by retail participants. At the same time, more than 15,000 BTC have been withdrawn from exchanges, indicating tightening available supply.
Taken together, these signals suggest that while a full bull market is not yet confirmed, liquidity conditions, institutional accumulation, and supply dynamics may be gradually laying the foundation for the next market cycle.
Written by XWIN Research Japan