Bitcoin bull market remains unconfirmed, Nansen says

Nansen says the Bitcoin bull market remains unconfirmed, noting that current price action and on-chain signals have not yet met the thresholds typically associated with a sustained rally. The firm highlights a lack of broad-based inflows and persistent mixed metrics across wallets, exchanges, and derivatives that would signal clear market conviction. Implication for Bitcoin: traders and investors should remain cautious as upside is not assured and volatility or further downside remains possible until stronger, consistent confirmation appears.