Crypto Dan's analysis reveals that individual buying, typically most active at the end of a bull cycle, is currently less than previous peaks, indicating the current bull cycle may not have reached its peak. Despite large whales realizing profits at $74,000 in mid-March, the situation is more optimistic compared to past cycles. Factors such as the approval of the BTC spot ETF and increased institutional inflow contribute to this optimism. The probability that the peak of this bull cycle has been reached is estimated to be low, around 20%. This suggests that the majority of the crypto's uptrend remains strong, with more money expected to enter the market.