In order to predict the peak of a bull market, what is more important than large whales is the influx of small whales and general investors.

This chart shows the realized market capitalization of Bitcoin in the range of 10 to 100 and represents the expected inflow of funds from small whales and retail investors.

This chart, which shows a gentle rise in the early part of the rising cycle, rises sharply from the mid to late part, and the cycle ends after Bitcoin's strong rise.

Since 2024 is the time when the inflow of small whales and general investors began to rapidly increase, and the second half of the bull market has only begun, the possibility of additional capital inflow and a strong rise in Bitcoin can be seen as open in the near future.

Written by Crypto Dan