Recently checked on-chain data, and some signals for Bitcoin look pretty good. Realized losses have dropped close to zero, indicating that the selling pressure is indeed weakening, and few are selling at a loss. Historically, this situation often signals a significant rebound in price.

Even more interesting is the performance on the supply side. Over the past year, 60% of Bitcoin's supply has remained inactive, and the number of long-term holders is gradually increasing. These are all bullish signals. Although there is still some selling pressure in the short term, overall, the $60,000 to $70,000 range has formed a relatively solid support.

From a technical perspective, BTC has recently shown signs of accumulation within this consolidation zone, and the RSI is also rising. BTC has now rebounded to around $78.38K, and if this momentum continues, breaking through $80,000 is not impossible. Many analysts are discussing Bitcoin price predictions, believing that the bull market phase may really be coming. The fear and greed index has also risen to its highest point since March.

Of course, macro factors still somewhat constrain the market, so how far BTC bounces can go depends on subsequent performance. But based on current on-chain data and holdings, there is indeed reason to stay optimistic. However, trading should still be cautious, as the crypto market is highly volatile.