Coin World Report:
Source: CryptoAoyao
Bitcoin issues consecutive “super signals” indicating a substantial increase – a potential 10,000% surge?
Bitcoin’s consecutive “super signals” suggest explosive growth – the last time this occurred was before a 10,000% increase.
Over 94% of Bitcoin holders have profited from closing positions, as trading volume trends indicate strong bullish sentiment in the future.
Bitcoin’s trading volume oscillation indicator has recently issued consecutive “super signals,” a rare event that only happens during bull markets.
Historically, such signals typically indicate a large-scale rebound, including a surge of over 10,000% in 2012 and 3,000% in 2016.
The most recent occurrence was in September 2023 when Bitcoin’s price rose by 200%, and another super signal appeared in October 2024.
These “super signals” appear during periods of low trading volume in bull markets. Analysts believe these circumstances indicate hoarding, as the number of sellers decreases while buyer interest remains stable.
The absence of previous high trading volume peaks further supports the bullish outlook, distinguishing this phase from bearish low trading volume patterns.
Bitcoin’s price increase and market data
As of press time, 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% increase over the past seven days, demonstrating steady growth. Bitcoin’s circulating supply is 20 million BTC.
At the time of writing, Bitcoin futures’ open interest has increased by 2.39% to reach $40.69 billion, indicating increased trading activity and potential bullish sentiment.
CoinGlass data shows a 90.33% growth in trading volume to $42.62 billion, while options trading volume has surged by 182.07% to $1.6 billion.
Options’ open interest has also increased by 2.29% and currently stands at $24.31 billion. These indicators, consistent with Bitcoin’s price trend, indicate increasing optimism among traders.
Bullish sentiment
IntoTheBlock data shows that 94% of Bitcoin holders are in a profitable state at the current price, indicating positive market sentiment.
The analysis also reveals that 71% of Bitcoin holders have held their positions for over a year, indicating strong long-term holding behavior.
Meanwhile, 12% of the Bitcoin supply is held by whales, suggesting a moderate concentration of ownership among large holders.
Furthermore, exchanges have seen a net outflow of $234.54 million in the past week, indicating a potential accumulation as investors move assets into cold storage.
Driven by institutional investors and large traders, trading volumes exceeding $100,000 last week surpassed $105.29 billion.
The distribution of trades is relatively balanced, with 54% originating from the western region and 46% from the eastern region.
Overall, the consecutive occurrence of super events signifies a unique event in Bitcoin’s history, leading people to anticipate a similar price trend to previous bull market cycles.