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 function of every cycle, on-chain knowledge suggests Bitcoin has not but reached peak euphoria, leaving potential room for additional growth.
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 value appreciation follows a logarithmic progress mannequin, the place every cycle produces decrease share positive factors because the market cap expands and liquidity deepens.
