On-chain data shows Bitcoin is emerging from the depths of despair

CryptoSlate’s previous report dove deep into the signals that point to a Bitcoin bottom. Our analysis showed that despite the widespread macro uncertainty, most on-chain indicators suggest that a bottom was formed.

However, identifying a bottom is only the first step in predicting future market movements. A strong bottom only shows the potential for a market upswing — other on-chain indicators are required to further confirm the end of the bear market.

In this report, we dive deep into the on-chain metrics that show another bull market is currently in the making.