After the rise we have seen this year, several on-chain measurements from the Bitcoin (BTC) network indicate that now is the time to buy.

Bitcoin has emerged from its slumber to post a 37% gain since the start of 2023, snapping off its previous slide.

However, according to insiders, the on-chain data still indicates that it could be a “generational buying opportunity.”

On January 24, 2019, a researcher and technical analyst by the name of “Game of Trades” found six chain measures for the 71,000 people who follow him on Twitter.

The first measure is an accumulation trend score, and its purpose is to identify pockets of significant accumulation in terms of both the size of the organization and the total number of coins purchased.

The market analyst made the observation that “big entities have been in deep accumulation mode since the FTX crash,” going on to say that “similar accumulation occurred at the 2018 and 2020 lows.”

Six on-chain facts that point to a potentially generational and long-term buying opportunity for bitcoin

A thread called Game of Trades (@GameofTrades_), which can be found here. January 23, 2023 The ratio of current market capitalization to annualized idle value is the measure used to determine Bitcoin’s entity-adjusted idle stream.

When idle value exceeds market capitalization, the market is said to have fully capitulated, which has been a favorable buy zone in the past.

Glassnode reports that in 2022, this measure reached an all-time low, making it the lowest point it has ever been.

The level of confidence long-term Bitcoin holders have in relation to the Bitcoin price can be measured using Bitcoin reserve risk.

According to statistics provided by Glassnode, this dropped to its all-time low by the end of 2022.

The realized price (RP) of Bitcoin is the value of all coins in circulation at the price at which they were last traded. This is an estimate of what the entire market paid for your coins.

From the FTX crash in November to January 13, the Woo charts indicate that Bitcoin has been trading below this level.

Right now, it is sitting slightly above the RP, giving yet another possibility for buyers.

The Bitcoin MVRV Z-score indicates whether BTC is grossly overvalued or undervalued compared to its “fair value” or the price it has actually traded for.

It is common practice to consider the bear market over when the indicator is no longer in the highly undervalued zone.

Last but not least, there is something called the Puell Multiple, which investigates the fundamentals of mining profitability and its influence on market cycles.