Bitcoin On-Chain Signals Turn Bullish Amid Rapid Price Surge

Bitcoin's on-chain signals have flipped bullish for the first time since October 2025, according to CryptoQuant contributor Darkfost.

The Bitcoin Bull Score has returned to bullish territory, crossing the 60 threshold and separating bullish from bearish territory.

Six of the 10 indicators tracked by the metric are now green, including demand growth, stablecoin liquidity, and the trader realized price.

Crypto Dan pointed to Bitcoin's MVRV indicator, which compares its market value with its realized value. The MVRV is showing a sharp vertical rise, a movement that has historically appeared as Bitcoin's previous downcycles came to an end.

The development suggests that Bitcoin could be moving closer to a transition from a declining market into an upward phase.