Bitcoin’s on-chain fundamentals are flashing a powerful signal that hasn’t appeared since the last major bull run. Network Growth has surged to extreme levels, mirroring the same conditions seen in early 2021, just before BTC launched its historic rally toward new all-time highs. At the same time, liquidity is rapidly expanding across the market, suggesting fresh capital is flowing in. Rising Network Adoption Strengthens Long-Term Bull Thesis The last time Bitcoin’s network growth and liquidity reached comparable extreme levels was in 2021, just ahead of BTC’s final surge to a new all-time high
source: https://www.newsbtc.com/news/bitcoin/bitcoins-network-growth/