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Five of seven on-chain datasets indicate beginning of bull run

May 20, 2024, 4:56 AM
Five of seven on-chain datasets indicate beginning of bull runAlthough crypto markets have shown consolidated movement over the past three months, five of seven on-chain indicators suggest that the bull market is around the corner, according to Cointelegraph citing on-chain analyst ELI5 of TLDR (X account: @explain_briefly). The following are these five indicators: - Bitcoin dominance above 56% - Bitcoin MVRV Z score under 6 - Puell Multiple under 3 - Rising HODL Waves - Recovering Bitcoin mining hash rate

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