CryptoQuant CEO: Bitcoin is currently in the middle of the current bull market cycle
2024-05-18 08:40:08
CryptoQuant CEO Ki Young Ju wrote that Bitcoin is currently in the middle of the current bull market cycle. He outlined a chart showing that Bitcoin's actual market cap is "growing faster than its realized market cap," a variant of market cap that values each UTXO at its last moving price. This trend typically lasts two years, meaning that the ongoing bull market will end in the next 11 months or so.
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