Cryptocurrency analyst Ali Martinez said that signals pointing to a long-term market reversal are emerging in major crypto assets, particularly Bitcoin. According to Martinez, the Tom DeMark (TD) Sequential indicator is giving bullish signals for Bitcoin, Ethereum, XRP, and Solana on monthly charts.
The analyst noted that trend exhaustion signals, especially those seen on higher time frames such as monthly charts, are important. Martinez said that in the past, multiple major crypto assets have generated monthly bullish signals at the same time, indicating seller fatigue and long-term market lows.
Another data point highlighted by Martinez was regarding the P&L status of Bitcoin supply. For the first time this cycle, the amount of loss-making Bitcoin reached 10.45 million, analysts said. $BTCsurpassed 9.6 million people. $BTC It is held at a profit.
Martinez said the fact that more than half of the Bitcoin supply in circulation has disappeared indicates that the market’s speculative bubble has largely disappeared. The analyst argued that in Bitcoin’s 15-year history, such crossovers have only been seen very close to the bottom of major cycles.
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Historically, a similar intersection first occurred in September 2011, and Bitcoin bottomed in November 2011, beginning a new bull market. The second crossroads occurred in September 2014, and the market consolidated under this situation until October 2015, after which it entered a new expansion period.
The third intersection seen in November 2018 coincided with one of the toughest periods of the bear market. Following this, Bitcoin began a new bullish cycle in March 2019. A similar crossroads occurred during the March 2020 liquidity crisis, but this lasted only 17 days and Bitcoin recorded a strong recovery by April 2020.
According to Martinez, the first supply crossroads of the current cycle officially occurred in June 2026, and the indicator has continued to move in the opposite direction since then. Analysts argued that Bitcoin is currently trading in a region of reliable accumulation, although historical data suggests these periods lasted for weeks or months.
*This is not investment advice.
