These bitcoin metrics suggest February’s $60,000 selloff may have marked the bottom
Hex37's read
- Bitcoin metrics suggest the February $60,000 selloff marked a cycle bottom.
- Realized cap stabilization and high RHODL readings indicate long-term accumulation.
- Deeply negative funding rates support the theory of a local market floor.
What it means for traders
- Bullish divergence in on-chain metrics suggests current levels offer a strong risk-reward entry for long positions.
- Monitor funding rates for a shift to neutral as a confirmation of sustained bullish momentum.
Affected markets
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