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 enlargement.
This evaluation incorporates the newest Bitcoin knowledge, 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 Progress Charges Have Slowed
Bitcoin’s worth appreciation follows a logarithmic development mannequin, the place every cycle produces decrease share features because the market cap expands and liquidity deepens.
