Crypto Dan, an analyst at CryptoQuant, said the change in the share of bitcoin trading volume over a 6- to 12-month period reflects the inflow of funds and is closely related to market movements. Typically, the first drop in the indicator marks the end of the early stages of a bull market, followed by another drop to lower levels, which means the end of the bull cycle.
Bitcoin reached a critical midpoint in March 2024 and is now gradually approaching the peak of the current bull market cycle.
CryptoQuant: BTC has reached a critical midpoint in March 2024 and is currently approaching the peak of the bull cycle
2025-04-04 08:37:07
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