Bitcoin On-Chain Signals Indicate Potential Breakout

Recent on-chain data suggests a bullish trend is emerging in the Bitcoin market. CryptoQuant reports that the Taker Buy/Sell Ratio has reached 1.1, indicating an increase in aggressive buying activity. Meanwhile, short-term holders are locking in profits instead of selling, further signaling confidence for a potential price breakout. This coincides with BTC’s 1.84% daily price gain to $107,642, highlighting growing conviction about the cryptocurrency’s future.