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Bitcoin's on-chain indicators turn bullish, signaling potential recovery despite recent price drop.

Technical Signals
09 Oct 2026
Tokenpost
View Source
Neutral
Bitcoin's on-chain indicators turn bullish, signaling potential recovery despite recent price drop.

Bitcoin's on-chain market structure shows improvement with five key indicators entering historically bullish zones, prompting a rules-based model to maintain a 67% net-long position for the second month in a row. This bullish setup, last seen in October 2025, includes Bitcoin trading above its short-term realized price of $74,319 and the True Market Mean of $77,460. Other positive indicators like Market Value to Realized Value, Net Unrealized Profit/Loss, and Value Days Destroyed also support a recovery outlook. However, Bitcoin's recent price fell nearly $7,000 after failing to surpass $87,000, with significant ETF outflows and profit-taking, suggesting caution as a sustained drop below key cost-basis levels could signal weakening momentum.

Bitcoin on-chain indicators show bullish alignment, with a 67% net-long position maintained for two months. For readers following cryptocurrency markets, here is Pluang's market snapshot as of Oct 10, 2026 00:51 WIB: out of 50 major cryptocurrencies, 42 rose and 7 fell. Notable movers include THETA at Rp3.893 (+7.33%, 100% buy), SUSHI at Rp4.137 (+6.41%, 64% buy), and LUNC at Rp0,925 (+6.10%, 88% buy).

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