A closely watched on-chain indicator has returned to a range that has marked major turning points in Bitcoin’s price history, and some analysts say the setup looks familiar. The Bitcoin Fund Flow Ratio on Binance has dropped to between 0.010 and 0.012 — a level reached only five other times since 2018, each preceding a significant recovery.
Analyst MorenoDV, citing CryptoQuant data, described the current setup as a “decision zone.” Bitcoin could stay weak if demand remains low, or selling exhaustion could quietly lay the groundwork for the next move up.
When Attention Fades, Bears Feel SafeEvery time “no one cares about Bitcoin” it bounces the hardest
Historical data backs that up. Reports indicate that similar low-interest phases lined up with Bitcoin trading near $3,000 in late 2018, around $9,000 in 2020, and close to $25,000 in 2023 — all of which turned out to be bottoms before sharp upward moves. Each time, selling pressure had dried up before buyers returned in force.
Macro analyst Brian Truong expanded on the pattern, saying that low attention combined with fading sell pressure has historically created the conditions for sudden reversals. Bears feel confident. Then the market moves against them.
Bitcoin’s Fund Flow Ratio Returns to the Zone That’s Marked Every Major Turn
ETF Outflows Cloud The PictureStill, some analysts believe the broader picture matters more right now than the day-to-day price action. Based on reports, the same combination of low exchange flow and reduced market noise has preceded every major recovery Bitcoin has staged over the past several years.
Featured image from Unsplash, chart from TradingView
