According to the analytical company CryptoQuant, the cryptocurrency market is currently in the “late stages of the current bull cycle,” and investors are “advised to exercise caution.” CryptoQuant analyst Dan Crypto said that the bull cycle that began in January 2023 is likely to peak in the first or second quarter of 2025. In the last three months of 2024, the share of bitcoins traded for less than 30 days increased to 36%.
This is reminiscent of the peaks of previous cycles. Such a ratio, according to the analyst, can grow another 2-4 times, and then decline at the beginning of a bear market. Taking into account the significant influx of new investments, as well as additional funds from existing investors, we can expect that the market will soon be in the later stages of this cycle. However, expectations of a significant increase in both Bitcoin and altcoins, as well as the previous ones, remain, the report says. The forecast of CrуptoQuant significantly contrasts with the opinion of other analysts, who expect that the bull market will last almost until the end of 2025, and the correction will occur only in the fourth quarter. Thus, asset manager VanEck expects the cryptocurrency bull market to reach a "medium-term peak in the first quarter of 2025, and by the end of the year to grow to record values." Analysts from Steno Research say that this year will be the best for digital assets, with Bitcoin and Ethereum likely to show new highs.