Experiencing optimism in the cryptocurrency market is very dangerous. Therefore, it is necessary to be well grounded in on-chain data from digital currencies and some signs show that bitcoin (BTC) may be close to a turning point.
According to data from Glassnode and Coinglass, the world's largest cryptocurrency has reached a point of stability and there is widespread optimism that any event could be a trigger for prices to rebound.
This optimism is mainly reflected in the number of futures contracts (open interests) in bitcoin. The number of call options is much higher than those of put options, which indicates that investors are also expecting this surge.
