Founder of CryptoQuant, Ki Young Ju, has suggested that current on-chain metrics point towards an incoming inflow of fresh capital, potentially igniting the next parabolic bull run for Bitcoin.
The analysis is backed by a chart displaying Bitcoin's price evolution alongside the UTXO Profit/Loss (P/L) Supply Ratio Momentum. This particular metric is the ratio of the average Weekly P/L to the yearly average. Over the past decade, the chart has recorded two conspicuous momentum spikes, with a third one currently emerging.
