Crypto Bull Run Might End Soon: Report
According to CryptoQuant, the cryptocurrency market is currently in the “later stages” of its current bull cycle, and investors should approach with caution.
The market, which has been on the rise since January 2023, is expected to reach its peak sometime in the first or second quarter of 2025, as stated by CryptoQuant contributor Crypto Dan in a post on January 6th. As a result of increased investments, it is believed that the market is now in the final stages of its cycle. In the last quarter of 2024, there was a notable increase in the amount of Bitcoin being traded in less than a month, reaching 36%.
This trend has been seen in past market peaks. CryptoQuant predicts that this percentage will continue to rise and could potentially increase by two to four times before entering a bear market.
This means that there is still potential for significant gains in both Bitcoin and other cryptocurrencies, but caution should be exercised, according to the post. In conclusion, CryptoQuant suggests being conservative and focused on risk management during this later stage of the cryptocurrency market’s bull cycle.
