Quant fund says bitcoin is near a major inflection point as rare onchain signals align

Bitcoin may be nearing a major turning point after a rare combination of onchain indicators aligned, according to Chris Sullivan, co-founder and portfolio manager at digital asset hedge fund Hyperion Decimus. In a report, Hyperion Decimus said four proprietary signals have aligned only five times in bitcoin’s 15-year history, each previously marking a cycle bottom, though Sullivan said confirmation is still needed, according to CoinDesk. He said BTC must either break above the $82,000 pivot or make a final low between $54,000 and $57,000, possibly wicking to $48,000, within the next 90 days. Bitcoin was trading at $59,386, down 23% over the past month.