Cryptocurrency analytics firm CryptoQuant suggests that the current bull cycle in the cryptocurrency market, which began in January 2023, may be entering its later stages. Despite significant gains in Bitcoin's price and investor activity, analysts believe the market is approaching a turning point. The report highlights the percentage of Bitcoin traded over the past month, which is lower than previous peaks in bull cycles. It predicts a possible market peak in the first or second quarter of 2025, indicating a potential beginning of a bear cycle. The report advises caution but also suggests there could still be upside potential for Bitcoin and altcoins before the cycle ends.



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