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

Bitcoin's MVRV reading is 0.20, while NUPL has returned to positive territory, suggesting aggregate investor profits have improved.

Bitcoin’s on-chain regime model from BIT has returned to a 67% net-long position for a second consecutive month, with five indicators now in territory historically associated with bull markets.

The reading 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.

Five Bitcoin Indicators Turn Bullish as Model Raises Exposure

In an October 9 post, BIT explained that its rules-based model moved from 100% net long on October 1, 2025, to 33% on November 1, before dropping to zero on December 1. It remained there through most of the subsequent drawdown before returning to 67% on September 1, 2026.

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.

First is Bitcoin’s short-term realized price, which provides an estimate of the average cost incurred in buying units recently. BTC dipped below this level to $112,300 in October 2025 but jumped above it to $68,800 in August 2026, and this measure is now at $74,319, taking Bitcoin above its cost basis.