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#美国加密股指数涨5.04%
The market is building strength! The rally signal for a new BTC bull market has sounded, and history is about to repeat itself.
On-chain data is sending strong signals. Bitcoin’s market value and core indicators such as MVRV show that the market is in a cyclical bottom range. Historically, after each similar structure, a spectacular wave of upside follows.
The macro financial environment is quietly shifting. Rate-cut expectations for the Federal Reserve are heating up, a turning point in global liquidity is approaching, and demand from traditional capital for “digital gold” allocations is growing at an unprecedented pace. Spot Bitcoin ETFs are continuing to see net inflows, and institutional funds are laying the groundwork for the next bull cycle.
Supply-side scarcity is also being further reinforced. After the fourth halving event, block rewards have dropped to 3.125 BTC per block, with only about 450 BTC newly supplied per day. At the same time, large whale addresses continue to accumulate, while Bitcoin balances on exchanges have fallen to historic lows—sell orders are drying up and buy pressure is building.
Technical signals also provide supporting evidence. Bitcoin has completed a months-long triangular consolidation, and the multi-timeframe moving average system has once again returned to a bullish alignment. Historically, the Q4 period following each halving is the phase where bull markets accelerate.
The pendulum of the cycle has already swung. Bitcoin’s fourth bull market is now beginning to unfold.