The Importance of Bitcoin Emitting a Rare Double Super Signal

Coin World News Report:
Back-to-back “super signals” in Bitcoin suggest explosive growth – the last time it appeared was before a 10,000% rebound.
Over 94% of Bitcoin holders are profiting as trading volume trends indicate strong bullish sentiment in the future.
Bitcoin [BTC]
The volume oscillator has recently emitted back-to-back “super signals,” a rare event that only occurs during major bull markets.
Historically, these signals have preceded massive rebounds, including a 10,000% increase in 2012 and a 3,000% increase in 2016;
The most recent occurrence was in September 2023, preceding a 200% increase in Bitcoin’s price, followed by another super signal in October 2024.
“Super signals” occur when trading volume is extremely low in a bull market. Analysts suggest that these conditions indicate accumulation, with sellers decreasing while buyer interest remains stable;
The absence of previous high trading volume peaks further supports the bullish outlook, distinguishing this phase from a bearish low volume pattern.
Bitcoin Price Increase and Market Data
As of the time of writing, Bitcoin’s price is $68,378.05, with a market capitalization of $1.35 trillion and a 24-hour trading volume of $24.5 billion;
This marks a 5.96% growth in the past seven days, indicating steady progress. Bitcoin’s circulating supply is 20 million BTC;
At the time of writing, Bitcoin futures’ open interest has increased by 2.39%, reaching $40.69 billion, indicating increased trading activity and growing bullish sentiment.
CoinGlass data shows a 90.33% surge in trading volume, reaching $42.62 billion, while options trading volume soared by 182.07% to $1.6 billion;
Options’ open interest also grew by 2.29%, currently standing at $24.31 billion. These indicators, consistent with Bitcoin’s price trend, suggest growing optimism among traders.
Bullish Sentiment
Data from IntoTheBlock shows that 94% of Bitcoin holders are profitable at the current price, indicating optimistic market sentiment.
The analysis also reveals that 71% of Bitcoin holders have held their coins for over a year, indicating strong long-term holding behavior;
Meanwhile, 12% of Bitcoin’s supply is held by large holders, suggesting a moderate concentration of ownership in whales.
Additionally, over the past week, exchanges have seen a net outflow of $234.54 million, indicating a potential accumulation as investors move assets to cold storage.
Driven by institutional investors and large traders, over $105.29 billion in trades occurred last week, with transactions exceeding $100,000.
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Bitcoin [BTC] Price Predictions
2024 – 2025
The geographic distribution of trades is fairly balanced, with 54% coming from the western region and 46% from the eastern region.
Overall, the occurrence of back-to-back super signals signifies a unique event in Bitcoin’s history, creating expectations for potential price trends similar to previous bull market cycles.