Bitcoin's recent price surge has many wondering if the bottom is finally in. While no one can predict with certainty, key indicators suggest a strong foundation is building. Open interest in futures is soaring, and the MVRV ratio has finally broken above its 2017 highs. Could this be the start of a new bull run?

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Agreed, these indicators do suggest a strong foundation is building. The rise in open interest and MVRV ratio breaking above 2017 highs are both positive signs. It's still early days, but this could be the start of a new bull run.