CoinDesk reported that a lesser-watched bitcoin market indicator has turned green. The signal is described as fundamental to assessing whether capital has been moving into the market consistently and at meaningful size, with enough force to push prices higher. According to the report, that reading adds credibility to bitcoin’s move toward $80,000 in August. The source did not provide additional figures or identify the specific indicator in the summary provided here, but it framed the change as a supportive sign for the recent price advance.
A lesser-followed bitcoin market indicator is flashing green, according to CoinDesk.
CoinDesk said the measure is fundamental to judging whether capital has been moving into the market consistently and in sufficient size to drive prices higher. In its view, that market dynamic adds credibility to bitcoin’s August move toward $80,000.
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