CryptoQuant’s Bitcoin PnL Index Forms Bullish Crossover

CryptoQuant’s Bitcoin on-chain PnL index has surged above its 365-day MA recently, a crossover that has historically signaled early bull markets.
Bitcoin On-Chain PnL Index Has Formed A Bullish Crossover
As per data from the on-chain analytics firm CryptoQuant, the index is indicating a buy signal for BTC right now. The “CryptoQuant on-chain PnL index” is a metric that combines three different indicators into one to point out tops, bottoms, and cyclical shifts in the price of B