Early Accumulation Hints: New Data Shows Positive Trends in Bitcoin Sentiment

A new analysis reveals encouraging signals for the Bitcoin market, based on its proprietary Bitcoin Composite Market Indicator (BCMI). The BCMI combines several key on-chain metrics like MVRV, NUPL, SOPR, and the Fear & Greed Index. 7-day BCMI SMA is rising strongly, hovering around 0.6, indicating a positive early signal of potential market upside. However, the 90-day SMA remains relatively flat at 0.45, suggesting the market hasn’t yet reached an overheated or euphoric phase.