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As the Bitcoin marketplace continues to undergo a surge of sales, which began in mid-October, recent on-chain statistics depict a somewhat hopeful outlook for the cryptocurrency’s future. The inquiry remains — is the Bitcoin low point reached?
Is A BTC Price Rebound Imminent?
In a recent Quicktake entry on the CryptoQuant platform, the pseudonymous crypto expert Sunny Mom disclosed that a bottom formation for the Bitcoin price might be on the horizon. Sunny Mom’s insights were grounded on four distinct on-chain indicators, all examining the actions of Bitcoin’s market participants.
The first metric examined is the Futures Taker CVD (Cumulative Volume Delta, 90-day), which assists in monitoring the net discrepancy between assertive buying and selling volumes (known as taker orders) in the Bitcoin futures arena over the last 90 days.
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According to the online commentator, the more predominant selling regions (in red) are evolving into neutral zones. This indicates that leveraged short positions (commonly held by the most anxious and aggressive Bitcoin market players) are gradually exiting, thereby indicating a diminishing strength of these speculative hands.
Following that, the on-chain analyst referred to information from the Spot Taker CVD (Cumulative Volume Delta, 90-day) metric. Although the count of speculative sellers is reducing, the spot CVD still seems to be in the red. Generally, a ‘red’ reading from this metric implies that Bitcoin’s holders are still liquidating their coins.
Another intriguing occurrence is that the Bitcoin: Stablecoin Supply Ratio (SSR) has dropped to a notable low. For perspective, this metric assesses the ratio between Bitcoin’s supply and the availability of stablecoins (such as USDT and USDC).
A elevated SSR implies that there are fewer stablecoins relative to Bitcoin. Consequently, it suggests diminished purchasing power for buying Bitcoin to propel its price upward. Conversely, a low SSR signifies a comparative surplus of stablecoins against the leading cryptocurrency, indicating a higher potential purchase power within the Bitcoin market.
Upon reviewing historical price movements, it is evident that times when the SSR registered ‘significantly low’ have often preceded substantial price recoveries of the leading cryptocurrency. If history serves as a guide, the analyst inferred that we might be poised for another rebound, given that the SSR metric currently lingers around a historical low.
Finally, Sunny Mom elaborated that insights from the Adjusted Spent Output Profit Ratio (aSOPR) also bolster the overall speculation of an impending price bottom. Currently, the aSOPR is around 1.0 — a threshold whose breach in April 2025 foreshadowed a considerable price shift.
Bitcoin Price At A Glance
At the time of this writing, the price of BTC hovers around $102,510, marking over a 1% growth in the previous 24 hours.
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Featured image from iStock, chart from TradingView
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