After a tumultuous period, the crypto market is showing signs of recovery, with a 0.40% increase in market capitalization over the past 24 hours. While some investors remain skeptical, others believe this could be the start of a bullish phase. So, what are the indicators of a sustained upswing?

Firstly, whale activity is a key indicator. When large-scale holders accumulate assets, it sends a bullish signal to the market, driving up prices. On the other hand, whale selling indicates low sentiment.

Secondly, Bitcoin's performance is crucial. As the market leader, its price movements have a ripple effect on other assets. If Bitcoin surpasses $70,000, it could trigger a broader market rally.

Thirdly, decentralized finance (DeFi) volumes are a good barometer of market health. Increased inflows to DeFi protocols indicate a bull market, with higher asset prices and adoption.

Lastly, lower coin reserves on exchanges signify a bullish phase. When users move assets away from exchanges, it suggests long-term holding, while sending assets to exchanges may indicate a potential sale.

In conclusion, while the market recovery may be short-term, these four signs suggest a potential bullish phase. As the market navigates uncertainty, these indicators will be crucial in determining the direction of the crypto assets.