{"id":75024,"date":"2023-03-03T19:26:36","date_gmt":"2023-03-03T17:26:36","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=75024"},"modified":"2025-09-10T03:06:24","modified_gmt":"2025-09-10T00:06:24","slug":"report-on-chain-metrics-indicate-potential-market-recovery","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/report-on-chain-metrics-indicate-potential-market-recovery\/","title":{"rendered":"Report: on-chain metrics indicate potential market recovery"},"content":{"rendered":"

On-chain indicators point to improving market sentiment and the potential for further gains in Bitcoin’s price, according to ForkLog’s analytical report<\/a>.<\/p>\n

In particular, this is indicated by the recently emerged from the ‘green zone’ oversold indicator MVRV Z-Score<\/a>.<\/p>\n

\\\"1-767\\\"
Dynamics of the MVRV Z-Score indicator. Data: Look Into Bitcoin<\/a>.<\/figcaption><\/figure>\n

The aSOPR<\/a> indicator spent most of February above the 1 level. This indicates improving market sentiment and profit-taking by many investors.<\/p>\n

\\\"aSOPR-7-1\\\"
Dynamics of the aSOPR indicator. Data: Glassnode<\/a>.<\/figcaption><\/figure>\n
\\\"3-372\\\"
Dynamics of the number of ‘whale’ addresses (holding more than 1000 BTC). Data: Glassnode<\/a>.<\/figcaption><\/figure>\n
\\\"4-236\\\"
Dynamics of various Bitcoin address categories by year. Data: LookIntoBitcoin<\/a>.<\/figcaption><\/figure>\n

For relatively small addresses (>0.1 BTC, >0.1 BTC and >1 BTC) the situation is more optimistic \u2014 in these categories a decline has almost never been observed. This points to a gradual increase in the number of crypto investors and their desire to accumulate as much digital gold as possible, regardless of volatility and shifts in market cycles.<\/p>\n

Earlier, Glassnode analysts concluded that Bitcoin had recovered from the fallout of the FTX collapse.<\/p>\n

As noted, Adam Farting of B2C2 said that for Bitcoin to continue its rally it must surpass the $25,000 mark.<\/p>\n","protected":false},"excerpt":{"rendered":"

On-chain indicators point to improving market sentiment and the potential for further gains in Bitcoin’s price, according to ForkLog’s analytical report.<\/p>\n","protected":false},"author":1,"featured_media":75025,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1268,1252],"class_list":["post-75024","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-on-chain-analysis","tag-reports"],"aioseo_notices":[],"amp_enabled":true,"views":"11","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/75024","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=75024"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/75024\/revisions"}],"predecessor-version":[{"id":75026,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/75024\/revisions\/75026"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/75025"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=75024"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=75024"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=75024"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}