Matrixport: Bull and bear indicators return to the bullish range, Bitcoin may set a new high

Planet Daily News: Matrixport stated in its market analysis that its market capitalization to realized market capitalization bull and bear indicator has re-entered the bullish zone. Although the institution's technical analysis typically leads on-chain data, the indicator reversal still holds significant reference value. Matrixport noted that such indicators rarely experience trend reversals in the short term, but a similar situation occurred in 2020 and was interpreted as a slowdown phase in the cycle. If the indicator maintains positive momentum, Bitcoin may be poised to challenge its historical high.