Mignolet
The pattern changed, but market interest in Bitcoin remained strong.
This pattern is one of the changes that emerged after the approval of Bitcoin ETFs. Before ETFs, ratio-based data attracted most of the attention — while volume data was often overlooked. That changed after the ETF approval. If you only look at ratios, it may seem like the market wasn’t overheated — but that wasn’t the case. Investor interest was clearly high.