The post Bitcoin rebounds past $90K after Futures market flashes fresh bull signal! appeared on BitcoinEthereumNews.com. Bitcoin [BTC] rebounded back above $90k after the drop to $88k on Monday. This was helped by the end of quantitative tightening and the expectations of a 25 bps rate cut after next week’s FOMC meeting. The dovish Federal Reserve policy could make risk-on assets more attractive to investors. This would see more capital flows to the crypto industry, and especially Bitcoin. Whether these flows will be enough to drive a rally to new highs remains to be seen. Do on-chain metrics agree with a local market bottom? Source: Axel Adler The Bitcoin bull signal was activated, according to crypto analyst Axel Adler. Specifically, the Bitcoin Futures Market Power reached 56.5, at the time of writing, generating a bull signal. This metric combines relative Open Interest, funding rate, and taker imbalance to generate a composite indicator of Bitcoin derivative pressure. A break of the 60-level would be a bullish confirmation, and more upward momentum can be expected. On the other hand, a drop below 50 would signal a transition to bearishness and pose a risk of correction. Source: CryptoQuant The Coinbase Premium Index turned positive on 28 November and has remained positive for the most part since. It showed a hike in spot demand from U.S investors, especially since the metric measures the BTC-USD and USDT pair percent difference on Coinbase and Binance. Source: CryptoQuant The Coin Days Destroyed metric tracks the sentiment and behavior of long-term holders. Computed using UTXO destroyed, spikes on the metric usually indicate movement from longer-term holders and can signal profit-taking. Over the last ten days, the metric has been relatively quiet. It is something traders can keep an eye on to mark a local top. A recent AMBCrypto report noted that a quarter of all Bitcoin supply slipped into unrealized loss. This 25% of… The post Bitcoin rebounds past $90K after Futures market flashes fresh bull signal! appeared on BitcoinEthereumNews.com. Bitcoin [BTC] rebounded back above $90k after the drop to $88k on Monday. This was helped by the end of quantitative tightening and the expectations of a 25 bps rate cut after next week’s FOMC meeting. The dovish Federal Reserve policy could make risk-on assets more attractive to investors. This would see more capital flows to the crypto industry, and especially Bitcoin. Whether these flows will be enough to drive a rally to new highs remains to be seen. Do on-chain metrics agree with a local market bottom? Source: Axel Adler The Bitcoin bull signal was activated, according to crypto analyst Axel Adler. Specifically, the Bitcoin Futures Market Power reached 56.5, at the time of writing, generating a bull signal. This metric combines relative Open Interest, funding rate, and taker imbalance to generate a composite indicator of Bitcoin derivative pressure. A break of the 60-level would be a bullish confirmation, and more upward momentum can be expected. On the other hand, a drop below 50 would signal a transition to bearishness and pose a risk of correction. Source: CryptoQuant The Coinbase Premium Index turned positive on 28 November and has remained positive for the most part since. It showed a hike in spot demand from U.S investors, especially since the metric measures the BTC-USD and USDT pair percent difference on Coinbase and Binance. Source: CryptoQuant The Coin Days Destroyed metric tracks the sentiment and behavior of long-term holders. Computed using UTXO destroyed, spikes on the metric usually indicate movement from longer-term holders and can signal profit-taking. Over the last ten days, the metric has been relatively quiet. It is something traders can keep an eye on to mark a local top. A recent AMBCrypto report noted that a quarter of all Bitcoin supply slipped into unrealized loss. This 25% of…