Key Takeaways:The Bitcoin Risk-Off signal dropped to 23. 7, its lowest since March 2019, indicating low correction risk and a high likelihood of a bullish trend developing. Despite the recent decline in network activity, bullish macro indicators like the Macro Chain Index (MCI) suggest Bitcoin could soon rally above $100,000. On May 5, the Bitcoin Risk-Off signal, an indicator that uses onchain and exchange data to assess correction risk, dropped to its lowest level (23
source: https://cointelegraph.com/news/bitcoin-price-rallied-1-550-the-last-time-the-btc-risk-off-metric-fell-this-low?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound