Bitcoin continues its bull market trajectory, displaying sturdy similarities to earlier cycles however with key structural variations because of spot ETFs, institutional demand, and liquidity migration. Whereas diminishing returns stay a characteristic of every cycle, on-chain knowledge suggests Bitcoin has not but reached peak euphoria, leaving potential room for additional enlargement.
This evaluation incorporates the most recent Bitcoin knowledge, specializing in Realized Cap progress, long-term holder (LTH) distribution, ETF-driven liquidity migration, and key market indicators to find out Bitcoin’s present part within the cycle.
Newest Abstract: Key Technical Insights and Market Implications
1. Bitcoin’s Bull Market Construction Stays Constant, however Progress Charges Have Slowed
Bitcoin’s worth appreciation follows a logarithmic progress mannequin, the place every cycle produces decrease proportion features because the market cap expands and liquidity deepens.
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