Part 9/13:
Key on-chain indicators further bolster optimism. The Meer multiple, a measure used to identify market tops and bottoms, currently sits at 1.4—well below recent peaks but higher than historical lows, suggesting room for substantial upside.
Additionally, the profit-loss ratio for short-term Bitcoin holders remains favorable, reinforcing the idea that the broader market remains early in its bull phase. Historically, after halving events, Bitcoin experienced multi-fold gains; current data aligns with this trend, indicating a potential surge to new all-time highs.