Recent market metrics indicate Bitcoin is entering a decisive bullish phase, with key indicators showcasing unprecedented strength in spot demand and market sentiment. The convergence of multiple positive signals points to the potential start of a sustained Bitcoin Season.
Bitcoin’s futures-to-spot ratio has plummeted to levels last seen in October 2022, reflecting exceptional spot market demand. Concurrently, Bitcoin’s spot trading volume now triples that of altcoins—the highest dominance since July 2022—fulfilling a classic marker of Bitcoin Season onset. Further strengthening the bullish case, the Taker Buy-Sell Ratio surged to 1.21, significantly exceeding its seven-day average as market participants displayed aggressive buying pressure.
Historical patterns reveal that such low futures-to-spot ratios typically identify cycle bottoms, suggesting the current rally remains in early stages. Reinforcing this institutional confidence, MicroStrategy invested $18.0 million to acquire 155 additional Bitcoin at a $116,401 average price. These combined metrics demonstrate sustained capital rotation toward Bitcoin amid growing market optimism.