Bitcoin continues its bull market trajectory, displaying robust similarities to earlier cycles however with key structural variations resulting from spot ETFs, institutional demand, and liquidity migration. Whereas diminishing returns stay a function of every cycle, on-chain information suggests Bitcoin has not but reached peak euphoria, leaving potential room for additional growth.
This evaluation incorporates the newest Bitcoin information, specializing in Realized Cap progress, 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 Progress Charges Have Slowed
Bitcoin’s value appreciation follows a logarithmic progress mannequin, the place every cycle produces decrease share features because the market cap expands and liquidity deepens.
