These Bitcoin metrics signal potential bull run as…

Recent data suggested that BTC was experiencing a positive shift in one of its crucial metrics. This improvement could potentially play a significant role in driving its bull run.Realized Cap, an essential metric in on-chain analysis, holds significant importance as it serves as the on-chain counterpart to Market Cap. It evaluates the value of each coin in circulation based on its last on-chain movement.

As of this writing, the Relative Net Position change stood at approximately 1.19%. Moreover, the Realized Cap remained consistent at over $391.7 million for the past month.As the Realized Cap showed positive developments after over a year of being below it, theAnalyzing the chart based on Glassnode data, this metric initiated an upward trend at the beginning of the year, reversing the decline observed in the previous year.

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