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