$BTC price has recently returned to the 100,000 USD mark, attracting widespread attention in the market. However, CryptoQuant's latest report indicates that the current bull market cycle may be nearing its end, expected to conclude in the first or second quarter of 2025. This bull run began after the collapse of the FTX exchange in January 2023, with Bitcoin prices rapidly rebounding from below 20,000 USD and continuing to draw the attention of the global financial community. After nearly two years of sustained growth, the market is currently in the later stages of the bull market, and according to historical cycle patterns, the trend seems to be nearing its endpoint.
At the same time, the trading ratio of Bitcoin within a month has dropped to 36%, far below previous peaks. Data shows that funds are gradually flowing from Bitcoin to other crypto assets, becoming a typical sign of bull market spillover. Nevertheless, most industry insiders remain optimistic about the long-term growth of the crypto market.
Will Trump promote Bitcoin as a strategic reserve for the United States?
Another major focus of the market is the policy impact brought about by Trump's upcoming presidency. Analysts point out that the new government may vigorously promote the adoption of Bitcoin, and even consider listing it as a strategic reserve asset for the United States. If this initiative comes to fruition, it will have far-reaching effects on the global Bitcoin market.
CryptoQuant analysts predict that Bitcoin prices may experience 2 to 4 rapid surges in the future, rather than a one-time spike. However, such rapid growth could also lead to an overheated market, entering a bear market phase. Experts remind investors to closely monitor recent price fluctuations and to prepare in advance for a possible bear market.
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