Bitcoin (BTC) prices break the historic maximum of around $122,000 in parallel, as shown in Alfractal data on June 13th, and in parallel, increasing confidence in the network.
This on-chain analytics platform provides a “Bitcoin reliability on-chain” indicator (Bitcoin chain reliability). This is a data combination metric. They are the health of the network and Holder de btc.
Among them are statistics such as “Rhodl” ratio (comparing the value of currencies held over the last year or more”, “Puell Multiple” (relationship between current mining rewards and 365-day average), and “the ratio between market value and MVRV based on price based on price acquired).
The following alfructographs covered from 2012 to 2025 show multicolor lines in the form of Heatmap (Heatmap) This represents the price of Bitcoin, but the blue line below reflects the Bitcoin network’s trust indicators.
he Heatmapin a variety of colors, from blue (low price) to red (high price), indicating the evolution of the value of an asset. at the moment, price It paints a dark orange color and approaches a red tonewhich coincides with $122,000, close to its historic maximum.
This color change explains the increased confidence in the Bitcoin network, as price peaks have historically been linked to greater optimism among participants. For example, according to Alphractal, warm tones in 2017 and 2021 showed a significant 300% increase.
For that part, the low blue line in the graph before measuring confidence presents an upward curve in the last data of 2025. This promotion Supports increased network confidenceshows that profit accumulation and holder behavior strengthen awareness of stability.
Finally, from Alphractal, “If the metric continues to rise towards the maximum of the previous cycle, it could indicate that we will enter the final stage of this bull run.