Several indicators point to Bitcoin’s bear-market bottom

Many on-chain indicators are signalling that the bottom of the bear phase in the cryptocurrency market has been reached, according to Arcane Research’s analytical report.

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The long-term metric RHODL Ratio similarly signals this, with its current readings matching the early-2019 levels—the bear-market bottom of the previous cycle.

The Reserve Risk indicator has reached its lowest reading on record. This suggests that long-term investors have little incentive to sell digital gold.

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\”Low Reserve Risk values indicate that coins are accumulating (hodlers hodl) despite falling prices,\” explained by Arcane Research.

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MVRV indicates that Bitcoin’s realized capitalization is higher than its market capitalization. Earlier, similarly low readings of the indicator coincided with the extremes of previous bear phases.

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According to researchers, the current indicator readings indicate a highly attractive entry point for investors ready for a fresh leg higher in Bitcoin.

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Earlier, Galaxy Digital founder Mike Novogratz expressed the view that the current bear phase could last another six months.

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