- Bitcoin’s back-to-back ‘Super Signals’ hint at explosive gains—last seen before 10,000% rallies.
- Over 94% of Bitcoin holders were in profit as volume trends suggested strong bullish sentiment ahead.
Bitcoin’s [BTC] volume oscillator has recently signaled back-to-back ‘Super Signals,’ a rare event that has only occurred during major bull runs.
Historically, such signals preceded massive rallies, including gains of over 10,000% in 2012 and 3,000% in 2016.
The latest occurrence, seen in September 2023, followed a +200% rise in Bitcoin’s price, with another super signal appearing in October 2024.
Source: X
The ‘Super Signal’ appears when trading volume is extremely low in a bullish market. Analysts suggest that these conditions indicate accumulation, as sellers dwindle while buying interest remains steady.
The absence of prior high-volume spikes further supports a bullish outlook, differentiating this phase from bearish low-volume patterns.
Bitcoin’s price gains and market data
As of press time, Bitcoin was priced at $68,378.05, with a market cap 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, showcasing steady gains. Bitcoin’s circulating supply stands at 20 million BTC.
Open Interest in Bitcoin Futures has risen by 2.39%, at $40.69 billion at press time, indicating increased trading activity and potential bullish sentiment.
CoinGlass data showed a 90.33% jump in trading volume to $42.62 bill
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Author: Olivia Stephanie
