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Bitcoins blink signs of entry into the extended bull phase, with increasing confidence in the chain and narrowing the gap in point derivatives indicate growing market beliefs.
Bitcoin [BTC] It can be prepared for other explosive ralles.
Key metrics for chain and derivatives blink early signals of strength.
Trust between holders is growing, while the price of the price between the spot and Perpetual Futures is still narrowing – the condition that historically preceded Bitcoin’s sharpest bulls.
When building momentum, analysts say that escape could be closer than it seems.
Profit is growing but we are not in euphoria yet
Trust BTC in the chain is Again sharply rises, Indication of a possible return to the bull market in a late stage.
Source: Alphractal
While the current levels (almost 1.0) resemble the beginnings of 2024 and at the beginning of 2025 – when the bull momentum was built – they still remain significantly under the euphoric maximums of 2017 and 2021.
This leaves space for further overheating of the sentiment.
Derivatives show caution but that may soon change
The derivative market naturally shows early grades of catching up.
Source: Cryptoquant
According to Cryptoquant, the patency of the permanent place on the binance he remained in the negative territory; A red sign that the buyer of the spot still leads a fee.
However, this gap has been dramatically tightened in recent weeks after more than the minimum.
Source: Cryptoquant
Historically, when this gap becomes positive – as well as the end of 2020 or at the beginning of 2021 – Abiturcoin entered the parabolic climbs. If the futures traders overturned the bulls, this narrowed gap could become a point of ignition for the next leg BTC up.
Price action shows strength, not exhaustion
BTC He traded for $ 121,449 at the time of the press and published stable green candles in the last week. The daily RSI was at 77.86, clearly in an exaggerated area, usually a warning signal of potential short -term repairs.
Source: TradingView
However, MACD is still expanding and the histogram stripes remain green. This suggests that bull momentum is still intact. The volume also increased along with the price and strengthened the legitimacy of the turn.
After it was said, a short pullback is always possible at the level of the overcame. However, if it does not happen, the bulls appear to be firmly under control, pushing higher levels than the actual correction occurs.
