These 5 Bitcoin Indicators Have Turned Bullish for the First Time Since 2025: Report

Bitcoin Indicators Turn Bullish for First Time Since 2025: Report

On-Chain Regime Model Turns Bullish

Bitcoin's on-chain regime model has returned to a 67% net-long position for a second consecutive month, with five indicators now in territory historically associated with bull markets. This suggests a potential recovery in Bitcoin's cycle, although a recent $7,000 price decline and two important on-chain price levels leave room for further weakness.

Indicators Enter Bullish Territory

The model has now maintained that allocation for two consecutive months, with BIT noting that five indicators have simultaneously entered historically bullish territory, a combination last seen in October 2025. The indicators include Bitcoin's short-term realized price, which provides an estimate of the average cost incurred in buying units recently, and the True Market Mean, which tracks the cost basis of active capital.

Bitcoin's Price Action

Bitcoin's price has fallen 4.5% over seven days and more than 32% in the past year, but the model's improving signals contrast with its recent price action. A recent $7,000 price decline and two important on-chain price levels leave room for further weakness. Bitcoin fell nearly $7,000 after failing to break above $87,000, with the decline coinciding with substantial US government BTC transfers to Coinbase Prime, spot ETF outflows totaling $731 million on October 7 and 8, and profit-taking exceeding $1 billion in realized gains.

Potential Recovery

The model's improving signals suggest a potential recovery in Bitcoin's cycle, although the recent price decline and two important on-chain price levels leave room for further weakness. BIT argues that sustained trading above the True Market Mean would strengthen the bullish interpretation, and the firm pointed out that a sustained break below both the short-term realized price and True Market Mean would be an early warning that recovery is losing track.