Deep Tide TechFlow News, on November 19, according to Cointelegraph, data analysis platform CryptoQuant's research report shows that the Bitcoin Puell Multiple is close to the 365-day moving average. This indicator has only broken through three times in the past 5 years, specifically in March 2019 (up 83%), January 2020 (up 113%), and January 2024 (up 76%). The technical indicators show that the monthly RSI for Bitcoin has reached 74.4, suggesting characteristics of the early stages of a bull market cycle. Analysts expect the market has entered a parabolic growth phase lasting about 300 days, with the main FOMO trend likely to emerge in early 2025.