According to an analysis published by CryptoQuant, the Bitcoin (BTC) bull market will most likely come to a conclusion sooner or later.
In a new reportpseudonymous CryptoQuant director Crypto Dan examines UTXO age ranges, which looks at specific groups of coins that have been received but not spent, and broken down into age groups.
The analyst says that with the “substantial influx” of new investments entering the market recently, it is now reasonable to believe that the BTC bull market is in its final chapters.
According to Crypto Dan, the Bitcoin bull market will most likely peak in the first quarter of this year.
“Notably, the percentage of Bitcoin traded for less than a month (based on realized market capitalization – UTXO) has reached 36%. While this is significantly lower than the peaks of previous cycles, the long-term trend remains downward, indicating that the market is likely to reach its cycle peak in the first quarter of 2025, or the second quarter of 2025 at the latest.
However, instead of a single spike, this ratio is likely to rise sharply two to four times, typically leading to significant overheating followed by a bear cycle. Therefore, expectations for substantial gains in both Bitcoin and altcoins should still be kept open.
Nevertheless, caution is advised, from a conservative standpoint and with risk management in mind. For this reason, I intend to gradually sell my assets.”
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