COINOTAG News, May 20th – Recent insights from CryptoQuant analyst Avocado highlight a significant development in the cryptocurrency market. The analyst emphasized that Bitcoin’s recent rebound, occurring without any signs of overheating, strongly suggests a robust bull market. This sentiment reflects ongoing bullish activity, indicating that market participants should maintain their positions, as now may not be the opportune moment to exit.
According to the analysis, crucial indicators of market overheating, such as a steep rise in the Funding Rate and excessive Taker Buy Volume, have not manifested in current trading patterns. This absence of abnormal fluctuations contributes to a perception of a stable uptrend, offering potential for additional gains moving forward. Such a scenario could signal strategic opportunities for investors seeking to capitalize on the prevailing bullish trends within the cryptocurrency landscape.