CryptoQuant CEO Explains How This Bitcoin Bull Cycle Could Probably Last Till Mid-2025
Profit-Taking From Old Bitcoin Whales Lasted For 18 Months In Previous Cycles
CryptoQuant CEO has observed a pattern where old whales engage in profit-taking during bull cycles. This selling brings in fresh capital to accumulation addresses, which are defined by specific criteria and represent long-term HODLers.
Chart analysis using the Realized Price metric for Accumulation Addresses suggests that these HODLers were buying and driving up the average cost basis as prices rose. This corresponds to profit-taking from other market participants.
In previous cycles, this profit-taking period lasted about 18 months. Currently, it has been going on for four months, indicating that, based on past trends, there could be another fourteen months of it remaining. This would extend the bull cycle into mid-2025.
The above is the detailed content of CryptoQuant CEO Explains How This Bitcoin Bull Cycle Could Probably Last Till Mid-2025. For more information, please follow other related articles on the PHP Chinese website!
Hot AI Tools
Undresser.AI Undress
AI-powered app for creating realistic nude photos
AI Clothes Remover
Online AI tool for removing clothes from photos.
Undress AI Tool
Undress images for free
Clothoff.io
AI clothes remover
Video Face Swap
Swap faces in any video effortlessly with our completely free AI face swap tool!
Hot Article
Hot Tools
Notepad++7.3.1
Easy-to-use and free code editor
SublimeText3 Chinese version
Chinese version, very easy to use
Zend Studio 13.0.1
Powerful PHP integrated development environment
Dreamweaver CS6
Visual web development tools
SublimeText3 Mac version
God-level code editing software (SublimeText3)
Hot Topics
Bitcoin (BTC) Exchange Reserves Drop to November 2018 Lows, Raising Liquidity Concerns
Nov 17, 2024 am 09:58 AM
Bitcoin's (BTC) exchange reserves have dropped to their lowest level since November 2018, reflecting a significant shift in market dynamics.
Bitcoin (BTC) Poised for a 90% Rally as Puell Multiple Flashes Golden Cross
Nov 20, 2024 am 10:28 AM
Onchain data analytical platform CryptoQuant has flagged a key Bitcoin (BTC) metric that suggests a potential 90% rally for the leading cryptocurrency.
Solidion Technology Follows MicroStrategy's Playbook, Allocates Bitcoin to Corporate Treasury
Nov 17, 2024 am 03:58 AM
Solidion Technology, Inc. (NASDAQ: STI), a leading provider of advanced battery materials, has announced a significant strategic allocation of Bitcoin within its corporate treasury.
Bitcoin Surpasses $90,000, Shiba Inu Momentum Stalls, Solana Surges
Nov 20, 2024 am 11:21 AM
In addition to surpassing earlier highs, Bitcoin has reached a critical price level of $92,000, which has strengthened its position in the current bullish cycle.
Bitcoin (BTC) Set to Outperform Gold (XAU) Even Without US Government Backing, Says Luke Gromen
Nov 20, 2024 am 03:20 AM
Veteran macro investor Luke Gromen believes Bitcoin (BTC) is set to outperform gold even without the backing of the US government.
Bitcoin's Journey to $1M Relies on Scarcity, Adoption, and Market Dynamics, Not Magic
Nov 19, 2024 pm 09:36 PM
Bitcoin ETF inflows and treasury adoption push institutional confidence and price growth. Reaching 3% of global wealth could propel Bitcoin's market cap to $20 trillion.
Bitcoin (BTC) Price Analysis: Willy Woo Forecasts New All-Time Highs Above $100,000
Nov 16, 2024 am 12:14 AM
Prominent Bitcoin analyst Willy Woo recently shared his insights on social media platform X (formerly Twitter), forecasting Bitcoin's upcoming price movements.
When Will All Bitcoins Be Mined? Exploring the Finite Supply and Impacts of the Cryptocurrency
Nov 17, 2024 am 01:26 AM
Bitcoin has become a household name since its creation in 2009, capturing the attention of investors, technologists, and economists worldwide.