Which stage of the bull market are we currently in?
Based on the latest on-chain data analysis, we can conclude that the current market has at least entered the mid-term stage of the bull market. Observing market behavior, long-term holders have begun to gradually release their cheap chips, while short-term holders have taken over. This phenomenon is common in every bull market. Long-term holders usually distribute chips during the rising cycle rather than selling at the peak of the market. Judging from other long-term indicators, the short-term buying power of the current market is still strong, and there is no obvious logic for a sharp drop. Therefore, it is expected that the market will experience a period of consolidation in the future. After the consolidation, we may usher in the last round of the bull market, when the altcoin market will also emerge and complete this cycle together. Data shows that long-term holders have sold about 900,000 BTC, while short-term holders have taken over more than 1.12 million (600,000 of which are held by US ETFs, with an average cost of more than 60,000). For investors with short or low positions, you can consider buying on pullbacks, especially those high-quality altcoins, which may bring rich returns. As for the duration of the bull market, although many people predict that it will continue until the end of the year or even next year, I think there is still some uncertainty. The specific time node still needs us to further observe the market dynamics to determine.
Please follow me, please look for me in the comments to find an assistant, join us to provide free live broadcast guidance every week to help you better master relevant knowledge and skills.
