According to analytics firm CryptoQuant, the cryptocurrency market is now in the “late stages of the current bull cycle” and investors are “advised to exercise caution.”
CryptoQuant analyst Dan Crypto said the bull cycle that began in January 2023 will likely peak in the first or second quarter of 2025.
Over the last three months of 2024, the share of bitcoins traded for less than 30 days has grown to 36%. This is reminiscent of the highs of previous cycles. This ratio, according to the analyst, can grow by another 2-4 times, and then correct at the beginning of the bear market.
Given the significant influx of new investment, as well as additional funds from existing investors, it is reasonable to expect that the market is now in the late stages of this cycle. However, expectations for significant growth in both Bitcoin and altcoins remain, the report says.
CryptoQuant's forecast is in stark contrast to other analysts, who expect the bull market to continue until almost the end of 2025, with a correction only occurring in the fourth quarter.
For example, asset manager VanEck expects the crypto bull market to reach a “medium-term peak in Q2025 XNUMX and then rise to record highs by the end of the year.” Analysts at Steno Research say this year will be the best yet for digital assets, while Bitcoin и эфириум will be able to show new highs.
