Analysts from Glassnode and Fasanara Digital have published a report on the results of a joint study, assessing the dynamics and prospects of the crypto market in October — December. According to experts, the market is on the verge of moving from the "bullish enthusiasm" stage to the "bullish euphoria" phase.
Glassnode and Fasanara Digital noted the rapid recovery of the crypto market after the bankruptcy of the FTX crypto exchange, which began in November 2022. Since then, bitcoin's($BTC
capitalization has increased by 372%, and the dominance of the first cryptocurrency has increased from 38% to almost 60%, and now the market is preparing for a phase change.
The share of ether in the market decreased from 17% to 12.8% due to a lack of capital inflows and a decrease in interest in this asset from retail investors, experts said.
They drew attention to the sharp increase in the activity of institutional investors-legal entities, the reason for which was the launch of the first spot bitcoin ETFs in the United States. Assets under fund management have reached $70.9 billion, which is about 5% of the circulating bitcoin supply.
Experts from Glassnode and Fasanara Digital have recorded an increase in the volume of spot trading in bitcoin and open futures positions for the first cryptocurrency — the latter reached a historic high of $37.1 billion.
One of the most important trends in the fourth quarter of 2024 was the tokenization of real world assets (RWA). Investors' interest in RWA's capabilities continues to grow, the experts concluded.
Earlier, MV Global conducted a survey of large investors, the results of which revealed that investors believe that the cryptocurrency market will peak in the second half of 2025.
