Silence in Bitcoin: Signaling a Historic Rally?

Bitcoin has been experiencing a period of extraordinary calm in the cryptocurrency market in recent days. Volatility has fallen to levels not seen since 2023, attracting investors' attention. According to data provided by CryptoQuant, such low volatility in Bitcoin (BTC) signals that another big move is imminent.

In a similar environment in the past, the Bitcoin price rallied from $29,000 to $124,000, a historic rally of 325%. Investors are now wondering whether the same scenario will repeat itself. An analysis of on-chain data shows that the current silence is supported by important indicators.

Bitcoin reserves on exchanges have fallen to multi-year lows. This suggests that selling pressure is easing and that a supply squeeze could occur in the event of a possible demand surge. Moreover, the MVRV ratio is around 2.1, suggesting that the market is in a neutral position. Investors are neither heavily loss-oriented nor under pressure for large profits, suggesting a 'wait-and-see' sentiment.

The situation in the futures market is also noteworthy. Funding ratios are positive but not excessive. This suggests that leveraged trading is not heavily dominated by one party and volatility is likely to remain low. Therefore, the potential energy accumulated in the market is another factor that investors should pay attention to.

In short, this calm before the storm in Bitcoin could be a harbinger of a new move. The critical points that investors should monitor are shaped by indicators such as stock market reserves and MVRV ratio. These are important dynamics to keep an eye on ahead of a possible price move.