The Bitcoin ( BTC ) bull market will most likely come to a conclusion sooner rather than later, according to an analysis published by CryptoQuant. In a new report , pseudonymous CryptoQuant executive Crypto Dan examines UTXO age bands, which look at specific groups of coins that have been received but not spent, and broken up into age groups. The analyst says that with the “substantial influx” of new investments that have recently come into the market, it’s now reasonable to believe the BTC bull market is in its final chapters. According to Crypto Dan, the Bitcoin bull market will most likely top out within the first quarter of this year. “Notably, the percentage of Bitcoin traded for less than a month (based on realized market cap – UTXO) has reached 36%. Although this is considerably lower than the peaks of past cycles, the long-term trend remains downward, which suggests that the market is likely to reach its cycle peak by Q1 2025, or at the latest by Q2 2025. However, rather than a single spike, this ratio is likely to rise sharply 2 to 4 times, typically leading to significant overheating followed by a bear cycle. Therefore, expectations for substantial gains in both Bitcoin and altcoins should still be kept open. Nevertheless, from a conservative standpoint and with risk management in mind, caution is advised. For this reason, I am planning to gradually sell my holdings.” Source: CryptoQuant Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: DALLE3 The post Bitcoin Bull Market Now Entering ‘Later Stages,’ According to CryptoQuant Analyst – Here’s Why appeared first on The Daily Hodl .
