Bitcoin Shows Signs of Potential Bullish Trend Shift: On-Chain Data Indicates Rebound

Crypto analytics firm CryptoQuant highlights a potential shift in Bitcoin’s market trend, suggesting a bullish reversal may be imminent. Their analysis reveals narrowing gap between futures and spot prices on Binance, known as the perpetual-spot gap, which indicates changing trading sentiment and easing selling pressure. This shift is further supported by robust on-chain accumulation signals, with Glassnode reporting over 40,000 BTC accumulating near $79,000 and another 51,000 BTC bought around $82,080.