Research Company – The Unsplit Benefits of Grayscale Bitcoin Mini Trust (BTC) Score Unsplit Benefits (ARCA:BTC) says Bitcoin’s bullish signal: These 3 key indicators indicate potential uptrends.

Market intelligence firm Santiment identified three key indicators that hint at potential bullish action Bitcoin BTC/USD.

what happened: The analysis platform emphasizes that the average wallet’s return, the dormant period of coins and the supply of Bitcoin on communications all indicate that the leading cryptocurrencies may swing upwards due to market capitalization.

Historically, when the average return of the wallet is below 0%, it has proven to be a powerful strategy. Currently, active wallets over the past 30 days show an average return of about -2.9%.

This suggests that buying or increasing the position may be statistically beneficial.

Additionally, older BTC tokens cycle at a “healthy speed”, which is usually the precursor to the assembly. Santiment explains that when the dormant tokens move frequently, it marks a healthy cycle, usually seen during long periods of cattle running.

Finally, santiment pointed out that after the large amount of coins were withdrawn into cold wallets by the end of 2024, the amount of BTC on the exchange remained low.

Currently, 7.6% of Bitcoin is held in known exchange wallets, compared to 9.92% six months ago.

Why it matters: The potential bullish signal of Bitcoin is amid a wide discussion of its role in economic strategies. Michael Saylor, a well-known Bitcoin advocate, recently called on the U.S. government to accumulate Bitcoin, saying it could be used as “economic armor” and help eliminate Treasury bonds.

This view coincides with Matthew Sigel’s vision to use Bitcoin as a strategic reserve to offset Treasury bonds by 2049.

However, not all prospects are positive. JPMorgan analysts expressed concerns about falling institutional demand for Bitcoin and Ethereum futures, which could indicate weak markets.

The decline in demand is related to futures contracts that are regressing in the future, in which case futures prices are lower than spot prices, which are usually seen during market downturns.

Price action: At the time of writing, Bitcoin was trading at $96,204, down nearly 2% in the past 24 hours, according to Benzinga Pro Data.

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Disclaimer: The content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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