5 Signs Bull Run Is Around The Corner

20 May, 2024 Updated 29 May, 2025

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Expertise : Crypto News & Market Analysis, Content Strategy & SEO Writing

Pooja Khardia is a seasoned crypto content writer with 6+ years of experience in writing, including in blockchain, cryptocurrency, DeFi, and digital finance reporting. In her adventure journey, she is currently working with CoinGape Media and leading their Trending Section. Here, she uses her expertise to deliver analytics, market insights, price predictions, and information on what’s trending in the crypto space, aiming to keep the crypto and web3 community updated with market trends and important insights. Known for a user-centric and straightforward writing style, Pooja is passionate about making crypto easy and accessible. Her writing blends market research with storytelling, helping readers stay ahead in a fast-paced industry. When not behind the keyboard, Pooja embraces her creative side through drawing and crafting. Connect with Pooja on LinkedIn or X.

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5 Signs Says Bull Run Is Around The Corner

Bitcoin Market Dominance

Bitcoin price has made a substantial recovery these days and is currently trading at $67,146.49. It is just 9% away from the ATH of $73,750.07; if the trend continues, the prices may go even higher. More importantly, as per Tradingview data, Bitcoin dominance has surged to 55.87%, the highest exerted dominance in three years, becoming the first sign of an early bull run. It is because the history data reveals that the crypto bull run begins the time when Bitcoin dominance surged by over 56% dominance

Bitcoin MVRV Z score

As per the LookIntoBitcoin charts, the Bitcoin MVRV Z score reveals the peaked moment of the cycle by comparing the current Bitcoin capitalization to its historical average value. The peak score of this comparison comes around 6, and Bitcoin data is currently halfway to that. Bitcoin MVRV Z score hasn’t been close to 6 after the 2021 bull run.

Bitcoin HODL Waves

The Bitcoin HODL waves data is bullish for Bitcoin after comparing the new BTC holders to the old BTC holders. As the number of new BTC holders declined, there’s a possibility of witnessing more gains as the selling pressure goes down. This is because the new holders are more prone to selling once the conditions turn unfavorable or they see temporary gains.

RHODL Ratio

RHODL ratio is the comparison of the recently bought BTC and the BTC purchased a year or two ago. As per the current data, the BTC buyers are paying more for their BTC than they did two years ago. So, it is an indication of the market reaching the top mark.

Puell Multiple Level

Puelle multiple indicates the difference between short-term BTC miner revenue and longer-term revenue trends. Usually, a peak forms when the level is at 3, and the highest level this year was 2.5 during March. At the time of writing, it is below 1, after dropping in the presence of Bitcoin halving. The value is rising these days and will contribute to the bull run.

A crypto analyst ELI5 of TLDR says that with high Puell miners make good money, aligning with cycle tops. He says that “the previous cycles had two spikes. Now, we completed the first one. One more to come before the top, it seems.”

Final Thought

The bull run for crypto brings the biggest gains to the market, but it is not a day event as it requires a big market push. As the crypto market struggled for weeks, investors are eyeing the crypto bull run rally to cover the losses. But, the bull run is anticipated by the year’s end, stretching till mid-2025. However, a few on-chain indicators and crypto analysts, ELI5 of TLDR, have indicated the possibility of an earlier bullish situation as the market is ready.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.