The third quarter market research report released by CMC Research, the research department of CoinMarketCap, stated that the Bitcoin bull cycle has been advanced by about 100 days, exceeding its typical four-year cycle. The report pointed out that Bitcoin is likely to enter a super cycle due to institutional adoption, Bitcoin ETF promotion and changes in market dynamics. According to previous cycles, Bitcoin usually reaches its historical highs 518 to 546 days after the halving. This time the bull market has been advanced by 100 days, and Bitcoin may reach a new high between May and June 2025. Although this round of bull market progress has accelerated, CMC also reminded that the slowdown in infrastructure growth may indicate that market dynamics are evolving. In addition, the report pointed out that the DeFi and infrastructure sectors performed weakly in the third quarter, with storage, lending and privacy sectors falling by 39%, 37% and 31% respectively. (Cointelegraph)