Key Bitcoin onchain signal may mark BTC’s next demand revival

CoinTelegraph

by Biraajmaan Tamuly

February 24, 2026

AI-Generated Deep Dive Summary

Bitcoin continues to trade below $65,000 amid persistent selling pressure, but onchain data reveals a potential shift in market dynamics. Key indicators suggest that investor profitability is stabilizing, hinting at a possible valuation reset. Meanwhile, exchange order flow shows a decrease in aggressive selling, with the spot cumulative volume delta (CVD) inching upward despite lower trading volumes. These developments are raising expectations about when spot demand for Bitcoin might rebound and whether it could trigger a trend reversal. Onchain data indicates that Bitcoin's investor profitability has dropped toward its long-term average, signaling a potential reassessment of market valuation. This normalization aligns with the market value to realized value (MVRV) ratio, which Glassnode analyst Chris Beamish notes has returned to more balanced levels after previously reaching extreme highs. The easing of selling pressure is further supported by crypto exchange order flow data, where the CVD has shown a slight increase, even as spot trading volumes have dipped to $6 billion from higher levels. The stabilization in onchain metrics and the potential return of spot demand could reshape market expectations for Bitcoin. Investors are closely monitoring these signals, as they may indicate whether the current price consolidation is setting the stage for a bullish reversal or further sideways movement. The interplay between valuation normalization, reduced selling pressure, and shifting order flow dynamics will likely be key factors in determining Bitcoin's short-term trajectory. For crypto enthusiasts and traders, understanding these onchain indicators is crucial for gauging market sentiment and making informed decisions. As the market grapples with volatility, the potential revival of spot demand could have significant implications for both bulls and bears, offering insights into whether Bitcoin is poised for a rebound or if further corrections are on the horizon. These developments underscore the importance of leveraging onchain data to navigate the intricacies of the cryptocurrency markets.

Verticals

cryptoblockchain

Originally published on CoinTelegraph on 2/24/2026