3 Bullish Signals for Bitcoin That Investors Are Overlooking Amid Extreme Fear
Despite extreme fear, three bullish signals—Lightning Network growth, hashrate recovery, and positive Coinbase Premium Index—suggest a potential Bitcoin recovery.Summary
Amid widespread extreme fear among Bitcoin investors who focus on short-term price drops, underlying fundamentals suggest a potential recovery. The first signal is the growth of the Lightning Network, Bitcoin's Layer 2 protocol, which reached a record capacity of 5,800 BTC and surpassed $1 billion in monthly transaction volume, indicating increased real-world usage for payments.
The second bullish indicator is the strong V-shaped recovery in Bitcoin's hashrate, returning to levels seen when BTC traded above $100,000, reflecting renewed miner confidence and strengthening network security.
Finally, the Coinbase Premium Index turned positive after a month of negative readings, suggesting US investors are once again willing to buy Bitcoin at higher prices, which analysts view as a tentative sign of returning institutional demand that could catalyze an upside move.
(Source：BeInCrypto)