The principal analyst of on-chain data platform Glassnode has shared an indicator with four indicators, implying that Bitcoin (BTC) is at the start of its rally.
Glassnode analyst “Checkmate” recently posted on his Twitter account. in sharingfour in bitcoin on-chain He shared a chart in which his data was handled in a common way. According to the shared chart, Bitcoin, of the four indicators one when three get to the extreme peak or it’s bottoming out.
The ratio of an asset’s market value to its average cost MVRV (Market Value to Realized Value), Bitcoin miners 1 year moving showing how much you earn compared to the average Puell Multipleshowing the ratio between profit and loss SOPR (The Spent Output Profit Ratio) and showing the balance of risk appetite of long-term holders of Bitcoin Reserve Risk Combining the indicators, the analyst can see when three of the data in question reach the extreme point. the trend is changing expressed.
According to the shared chart 2012 And in 2019 The indicator, which gave a signal before the big rally, gave a similar signal during the decline of Bitcoin at the end of last year.
