💰💰Analyst Claims Bitcoin Bull Rally is in Its Final Stages, Shows Data! 💰💰

Cryptocurrency analytics firm CryptoQuant has released a new report suggesting that the cryptocurrency market could be approaching the final stages of its current bull cycle, which began in January 2023.

Bitcoin has made major gains in both price and investor activity since the start of this bull cycle. The rise in new investments and additional funds from existing holders have fueled Bitcoin’s upward momentum. However, CryptoQuant analysts believe that the market is now heading towards a turning point.

Key data highlighted in the report include realized market value and the percentage of Bitcoin traded in the past month, as measured by UTXO (Unspent Transaction Output). This rate currently stands at 36%, well below the peaks seen in previous bull cycles. However, according to analysts, the long-term trend shows that this rate has been decreasing over time, indicating a possible market peak in the first or second quarter of 2025. CryptoQuant analysts expect this metric to increase 2-4 times in the final phase of the cycle, which generally indicates that markets are starting to overheat and a bear cycle is imminent.

Although the report emphasizes caution, there is also an optimistic approach. It suggests that significant developments can still occur for Bitcoin and altcoins before the cycle is complete. However, CryptoQuant points out that risk management is of great importance as the market approaches its peak.

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