Against the background of bitcoin growth to 25000$ the very reliable Puell multiplier also gives a bullish signal. After exiting the oversold zone, it rose to a 14-month high and rose above the "1" mark.

Historically, this has given a signal for the start of the bull run.

Most indicators on the higher timeframes are signaling an impending rise in bitcoin.
Visually all cycles of growth and decline have been similar, the current bear market is no exception.

Technically right now we are breaking through long-term dynamic resistance. Historically, this event has triggered a powerful up-trend. With each new one, there is less and less chance of history repeating itself completely. So getting into longs on the whole cutlet is clearly not the right time. But it's also not a good idea to sit completely in stablenecoin waiting for a new decline. Right now a healthy caution is the ideal solution.

The mass withdrawal of bitcoins and ethers from centralized exchanges continues. Balances on exchanges have fallen to 5-year lows. Falling supply of BTC and ETH on trading floors reduces the likelihood of strong sales in the future (Santiment)

March has been a positive month for bitcoin lately, but historically it is still a weak time. On average, VTC was down 4.8%.

We can already state the fact that in the market there was a distribution of VTC from weak to strong hands. Now a significant portion of bitcoin supply is again controlled by long-term holders.

In the past this always preceded bullruns. The graph looks very optimistic (CryptoQuant)

Funding rates are signaling that short positions are actively accumulating on bitcoin (CryptoQuant).
Historically, this has been a good bullish sign.

JPMorgan is still in a bearish mood. For market recovery, it is waiting for the resumption of capitalization growth of steibles and the resumption of growth of venture capital investments in crypto. Right now, both are falling.

And the recent collapse of Silvergate crypto-bank and tighter regulation of crypto in general will have a negative impact on financial flows in the near future.

Circle said that the situation is "inflated" - the main collateral issuer USDC are stored in BlackRock and BNY Mellon, and even if you can not get back that $3.3 billion from Silicon Valley, the shortfall will be overlaid from corporate reserves.

They promise to restore full USDC-dollar parity by the beginning of the new week.

This week's token unlock calendar as a percentage of total supply

#DYDX #BIT #EUL #GAL #APE #STG

BTC miners are using the Bitcoin cycle comparison chart, and now is the hottest time for growth. The price spike we saw in the previous few days was the beginning of the bull run in previous times.

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Strong inflows of VTCs to exchanges continue. In the last two days, bitcoins were added to exchanges for more than a billion dollars (Glassnode).

All of this poses the threat of massive fixes, especially in the event of a price drop.

One of the most reliable metrics on bitcoin, NUPL, which predicts extremes, signals the VTC to move out of the "oversold" zone. Historically, it has always reliably predicted the bull run.

Long-term holders at current levels are intensively fixing profits on bitcoin. Accordingly, a local pullback is quite possible. Technically, the VTS chart also looks weak: the bearish wedge has already been broken down on the 4-hour timeframe.
(Glassnode)

Cryptoprojects with the highest developer activity in the last 30 days:

1) Polkadot #DOT
2) Kusama #KSM
3) Cardano #ADA
4) InternetComputer #ICP
5) Ethereum #ETH
6) Status #SNT
7) Hedera #HBAR
8) Cosmos #ATOM
9) Chainlink #LINK
10) Decentraland #MANA

While we are all trying to figure out what is happening to bitcoin now and where it will go next, a comparison of growth cycles still makes it clear that growth awaits us. All the current dynamics fit perfectly into the pattern of rate behavior between the Halving (Galaxy)

The ESP metric (Exchange Stablecoins Ratio, or otherwise the number of VTCs on exchanges divided by the number of stablecoins) rose to its highest level since May 2021. This means that bitcoins are arriving on exchanges faster than stabelcoins. This in turn means that the purchasing power of stabelcoins is declining. This is certainly a bearish sign for the market.
(CryptoQuant)

Bitcoin closed March up 23%. In just the first quarter, the VTC price rose 72%, one of the best results in history. Usually the year started out much weaker.

April has historically been a strong month, with an average return of 16%. But it should be noted that technically bitcoin now looks quite weak, there are many bearish signs. So there is not much optimism.

According to the MVRV model, many altcoins are significantly underbought now and look promising (Santiment)

Microstrategy's multi-year bitcoin purchases are paying off. Despite the protracted bear market, the average buying price of 140 thousand VTC is at $29800 or practically at breakeven (CryptoQuant)

Quite a working strategy for long-term investments, which is suitable for both large companies and ordinary investors.

The current dynamics of the bitcoin exchange rate still fits into the pattern of price behavior between the halvings