A leading digital asset investing research firm is attempting to answer the question of whether or not Bitcoin (BTC) has further upside to go.

In a new analysis posted to the social media platform X, Swissblock says that the BTC Fundamental Index can answer that question.

“If you’re questioning whether Bitcoin still has upside — this is the only chart you need to see:

On-chain fundamentals have flipped back to strength.
This move isn’t just speculation.

Sustained upside is now structurally supported. Higher.”

BTC is worth $119,154 at time of writing, up nearly 10% in the last week.

Moving on to altcoins, Swissblock dares to answer another question on traders’ minds — how close is altseason?

“Altseason in Sight: Wave 5 Has Begun?

The altcoin market just broke out of a multi-month consolidation.
Structure suggests a classic 5-wave move — and Wave 5 may be underway.

Historically, Wave 5s in crypto unfold fast and vertical — this could mirror 2017 or 2021.

Target: $1.79 trillion – $3.37 trillion

Altseason may be here — but it could also be the last leg before the cycle peaks.”

Swissblock’s “waves” refer to the Elliot Wave Theory, a financial analysis framework that views markets as moving in repeating wave patterns driven by investor psychology.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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One Bitcoin (BTC) metric is signaling potential concern for the flagship crypto asset, according to new insight from market intelligence firm Swissblock.

In a post on the social media platform X, Swissblock highlights a sudden plunge in on-chain liquidity, something the firm says needs to reverse if BTC should rally.

“At the same time as the rest of the market has consolidated back into BTC, we have seen a drop off in our on-chain liquidity.

For bullish continuation, we need to see an uptick again in on-chain liquidity.”

On-chain liquidity refers to how easily and efficiently Bitcoin can be bought or sold without significantly impacting BTC’s price. Low liquidity environments suggest that there are not enough buyers to absorb sell orders, triggering price declines.

Swissblock says that the fast drop in liquidity by itself is “a concern” and that BTC is showing a reduction in overall activity in the Bitcoin network.

However, the analytics firm says that BTC’s long-term bullish market structure still looks solid.

“Lower liquidity as price is more correlated with on-chain dynamics vs external factors. Lower activity making price more susceptible to downside volatility..

All is not lost. Even though we have had a liquidity flush, the bullish long-term structure is still intact as long as our Risk off signal is at 0…

While liquidity conditions have deteriorated, the broader bullish structure remains intact – provided risk signals continue to hold.”

At time of writing, BTC is trading at $101,833.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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A crypto analytics firm believes that Bitcoin (BTC) is gearing up for a fresh upside burst as it begins to outperform the stock market.

In a new thread on the social media platform X, Swissblock says that Bitcoin is now “playing in its own league” after BTC held its ground amid a severe stock market sell-off this month.

According to Swissblock, Bitcoin looks to be playing the part of a safe-haven asset in the midst of market uncertainty stemming from President Trump’s trade war.

“Bitcoin’s decoupling from equities is confirmed:

Even if sentiment around the trade war shifts, Bitcoin won’t be heavily affected.

In fact – like gold – it could strengthen.

Upside pressure is brewing.” 

Bitcoin is up over 15% this month while the S&P 500 is down about 1.42%.

Swissblock also says that the Bitcoin Risk Index is flashing bullish for BTC. The metric aims to evaluate Bitcoin’s current risk environment by aggregating various data points, including on-chain valuation and cost-basis metrics.

According to the analytics firm, the metric suggests that Bitcoin’s selling pressure is fading while upside potential is heating up.

“Beware bears!

Risk-Off Signal at 0 for days: clear evidence that downside pressure is vanishing.

We’re in bullish stabilization – pullbacks are now launchpads for more upside.”

Last week, Swissblock said that BTC needs to break its immediate resistance at around $95,000 to trigger new rallies. But the firm also said that BTC may first witness a retracement toward the $89,000 zone to gather bullish momentum before sparking a fresh leg up.

At time of writing, Bitcoin is trading for $94,826.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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