Cryptocurrency analyst cryptometugce analyzed that it is still too early to judge that BTC has entered a full-fledged bull market. He explained, "BTC is showing early signs of an uptrend. There is a trend of market confidence recovery, such as the Short-Term Holder's Spent Output Profit Ratio (STH-SOPR) remaining above 1. However, a variable is that the short-term holder realized price, which is considered a key resistance level, has not yet been broken. It can only be seen as a signal of entering a bull market if it stably breaks above and maintains that price level."
