Bitcoin price rallied 1,550% the last time the ‘BTC risk-off’ metric fell this low

Quick Summary:

Source: CryptoQuantIn 2019, the same signal preceded a staggering 1,550% rally that saw Bitcoin soar above $68,000 in 2021. Data from CryptoQuant indicates that the Risk-Off signal combines six metrics: downside and upside volatility, exchange inflows, funding rates, futures open interest, and market capitalization.

Source: GlassnodeRelated: Bitcoin price forms two BTC futures gaps after Coinbase premium flips negativeBitcoin macro indicators flash bullish signalsCointelegraph recently reported that the Macro Chain Index (MCI), a composite of onchain and macroeconomic metrics, flashed a buy signal for the first time since 2022, when it accurately predicted the market bottom at $15,500.

Combined with rising futures open interest and favorable funding rates, the MCI suggests Bitcoin could break $100,000 over the coming few weeks. Anonymous crypto analyst Darkfost pointed out that Bitcoin’s network activity index has declined sharply, reflecting reduced transaction volume and fewer daily active addresses since December 2024.

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Author / Journalist: Cointelegraph by Biraajmaan Tamuly

Category: Crypto

Markets: United States

Topics: Signal Market Volatility Time Price Making Bitcoin 2019 Risk-off Data Risk

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-06 @ 16:44:37 (14 hours ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 571 words

Reading Time: 4 minutes read

Sentences: 31 lines

Sentence Length: 19 words per sentence (average)

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Copyright Owner: © Coin Telegraph

News ID: 28443440

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