In a bullish trend, Bitcoin reserves on exchanges are dwindling as investors are less inclined to sell immediately after purchase. This decrease in reserves often precedes a bull market, indicating a potential price surge due to a potential shortage.

Currently, Bitcoin's price appears to be accumulating within a range, gathering strength for the next upswing. A sharp rise, similar to those seen in Q3-Q4, is anticipated once enough momentum is built.

The current bull rally is halfway through, with the remaining phase expected to overheat metrics and generate greed, potentially leading to significant profits. This analysis underscores the optimistic outlook for the blockchain market, suggesting a promising future for Bitcoin investors.