According to a report by Deep Tide TechFlow, CryptoQuant analyst Axel Adler Jr pointed out that investor risk appetite declines in the later stages of a bull market. Data shows that the indicators for March and December 2024 once surpassed 1.9, but have now formed a lower peak, with holders beginning to sell off, putting pressure on the market.
Analysts predict that the Federal Reserve will have two rate cuts this year, with two more increases expected in this cycle, after which selling pressure will exceed demand, and the market will enter an adjustment phase.