Murphy|4月 09, 2026 07:02
Are there signs of recovery in the bear market? We can assess this through various on-chain behaviors. But if all the combined signals are at zero, then any price increase during this period is considered a rebound, not a reversal.
Just like right now!
The dashed box in the chart highlights areas with no color, indicating that currently, BTC is showing:
No significant constructive changes across multiple dimensions, such as key pricing models (technical models and on-chain models), network utilization (on-chain activity, network congestion), market profitability (changes in seller momentum, whether profit-taking is being absorbed), and supply distribution trends.
This can be used as a right-side indicator for a major trend reversal, ensuring we don’t miss out on the next big trend.
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