Bitcoin is entering the final phase of its bullish run, according to data #On-chain
What will this mean for the price of the digital currency, which is currently near $100,000?
According to on-chain data, Bitcoin #BTC is entering in 2025 the possible final phase of the current bullish cycle. This is indicated by a new report shared by data provider #CryptoQuant , made by analyst Timo #Oinonen .
The report indicates that the year 2022 represented a clear distribution cycle for bitcoin, which dragged its price into a crypto winter period. Then, from 2023 to 2024, the market began a new accumulation cycle which, with the arrival of 2025, shows signs of reaching its peak.
#Bitcoin is now shifting to a distribution cycle,” the report highlights. However, this does not mean that a bear market has started, but that its beginning could be nearing this year.
The report details that “Dow's theory has been beneficial for understanding the current mechanisms of traditional and digital asset markets.” According to this thesis, the movements of an asset go through two phases: accumulation and distribution.
After a price increase of 130% in the last 12 months and a valuation that reached over $100,000 (USD), bitcoin is looking towards a cycle peak,” emphasizes Oinonen's report.
