Bitcoin's Bull Market Risk Appetite Decreases in the Later Stages, Expected Two Rebounds

According to news from HashLink, CryptoQuant analyst Axel Adler Jr. stated that the Bitcoin bull market has entered its late stage, and investors' risk appetite is gradually decreasing. Data shows that relevant indicators reached 1.9 in March and December 2024, but have recently formed a lower peak, with holders actively selling, putting pressure on the market. Although investors are still profitable, the marginal returns of price increases are beginning to diminish. Based on the Federal Reserve's prediction of two interest rate cuts this year, he expects two rebounds during the current cycle, but subsequently, the market may enter an adjustment phase due to selling pressure exceeding demand.