The market is in a period of uncertainty and risks of further price correction remain. The bull-bear market cycle indicator is hovering around the BEAR phase.
There has been a decrease in capital inflows into Bitcoin and Ethereum over the past two weeks â from $20 billion to $14 billion. At the same time, the inflow into stablecoins has increased â from $2 billion to $4 billion. According to analysts at Qryptoquant, the volume of stablecoins on exchanges is now at historical highs. The inflow of stablecoins is a key sign that fiat dollars are being converted into cryptocurrency, and then usually moved into coins such as BTC or ETH.
Globally, despite the recent correction to five-month lows, Bitcoin may extend its bullish rally for another year. Based on the analysis of Bitcoin's behavior in previous cycles, the bullish trend may last until the third quarter of 2025.
