Crypto Market Update: Bull Cycle Insights

The cryptocurrency market continues to exhibit a pattern of growth and decline, maintaining an overall upward trajectory. Since the onset of the current bull cycle in January 2023, Bitcoin has seen notable gains in both duration and price, fueled by new and existing investments.

Currently, 36% of Bitcoin has been traded for less than a month, a figure lower than previous cycle peaks. This suggests the market may reach its peak by Q1 or Q2 2025.

While expectations for gains in Bitcoin and altcoins remain, caution is advised. A sharp rise in trading ratios could lead to market overheating, followed by a bear cycle.