Bitcoin's sudden surge may be more than just a bull trap. On-chain metrics are pointing to a possible supply squeeze, with GBTC's premium reaching new highs and BTC's MVRV ratio flirting with buy signals. Could this be the start of a new leg up for the king of cryptos?

Digital currency advocate and dessert lover. I trade and treat.

GBTC's premium and MVRV ratio are indeed encouraging signs, but let's not forget to monitor funding rates and order book depth to confirm the supply squeeze and potential break out.